Successful go-live of SAP in Sligro-ISPC Antwerp

Last week, Sligro Food Group successfully switched the Sligro-ISPC site in Antwerp to a new ERP environment based on SAP.

The new web environment was launched in 2020 and the new item data environment was brought into use in the autumn of 2021. And now the third major building block, the ERP system including the associated systems, is live.

Rob van der Sluijs, CFO: ‘We see this new integrated technical environment and the associated uniform business processes as a prerequisite for controlled international growth, where economies of scale can be used to increase efficiency. We are extremely proud of the perseverance and commitment of all staff and partners who have helped us in this journey and will continue to support us during the rollout.’

In the coming years, sites in Belgium and the Netherlands will be transferred one by one to this new environment so that ultimately the Group will be using a single integrated platform with uniform business processes.

As of this month, capitalised costs of €55 million to date will be amortised over a period of five years.

Veghel, 28 November 2022

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO
Rob van der Sluijs, CFO

Tel. +31 413 34 35 00

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Sligro Food Group makes a bid for Metro activities in Belgium

In respect to the judicial reorganisation of Makro Cash & Carry Belgium NV/SA, on 10 October 2022 we announced that we see opportunities with regard to the Metro activities. At that time, we registered as an interested party with the court-appointed judicial trustees.

We have investigated whether and, if so, how and under what conditions we can combine Metro activities with those of Sligro Food Group. This has resulted in a concrete offer, which we today presented to the judicial trustees. They are now working out the details for the next phase in this process, an undertaking that is expected to take some time. Accordingly, we will not be making any further announcement on the content of our bid at this time.

Veghel, 15 November 2022

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO
Rob van der Sluijs, CFO

Tel. +31 413 34 35 00

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Download Trading Update Q3 2022

Trading update third quarter 2022

In the third quarter of 2022, revenue was up 17.1% on the previous year. This growth in revenue was entirely organic. Cumulatively, revenue was up 32.5% over the first three quarters of 2022.

Total revenue breaks down by segment as follows:

Sales Q3 2022

In the Netherlands, revenue rose by 14.8% in the third quarter compared to the same period last year, putting total revenue growth for the year at 31.1%.

With this growth rate, we are amply outperforming the market in the Netherlands. According to Foodstep’s definition, the market grew at 30.5% over the first nine periods (weeks 1 to 36). Based on that same definition, Sligro Food Group’s revenue was up 42.5% over the first nine months (weeks 1 to 39).

In Belgium, we saw revenue rise by 43.5% in the third quarter compared to the same period last year, putting total revenue growth for the year at 46.7%. While we do not have unequivocal market figures available for Belgium, our market observations lead us to be confident that we are also amply outgrowing the market in Belgium.

Compared to pre-COVID levels (2019), revenue for the group as a whole was up (Q1: -15%, Q2: +4%, Q3: +6%).

Inflation continued to rise during the quarter, albeit less steeply. We compensate for that where possible and pass the remainder on in our prices, which are up by around 8% cumulatively as a result.

Download Trading Update Q3 2022

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Sligro Food Group formally registered as an interested party for Metro activities in Belgium

On Tuesday 14 September, the Enterprise Court in Antwerp granted the request for protection against creditors and a court-supervised restructuring of Makro Cash & Carry Belgium NV/SA and appointed judicial trustees to supervise this process. Makro Cash & Carry Belgium NV/SA includes both the Makro and Metro cash & carry operations in Belgium. What is striking is that the seemingly closely integrated Metro Delivery Service NV/SA entity is not part of this procedure.

Sligro Food Group had already stated that it sees opportunities in the company’s Metro activities. We have therefore formally registered as an interested party with the court-appointed judicial trustees.

The judicial trustees have started a process to sell all or parts of these activities to interested parties. This process will be completed over the coming months, during which time we will investigate whether and, if so, in what way and under what conditions we can combine Metro activities with those of Sligro Food Group and this way offer prospects to a good part of the Metro employees.

We are unable at this time to make any concrete statements about the possible outcomes of this process.

Veghel, 10 October 2022

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO
Rob van der Sluijs, CFO

Tel. +31 413 34 35 00

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Trading update first quarter 2022

Sligro Food Group N.V. generated €468 million in revenue over the first quarter of 2022, up €140 million or 42.7% on the revenue of €328 million posted in the same period of 2021.

Over the quarter, we saw a sharp recovery in our revenues. While we were still in lockdown for most of
January, the week-over-week recovery that started in February culminated in revenue levels in virtually all customer segments, as well as our overall revenue, returning to pre-COVID levels by the end of March.

We expect our sales markets to continue their recovery over the coming quarters. Given that developments after the summer depend partly on how the situation in Ukraine unfolds, they are less easy to predict. We will be focusing primarily on the opportunities that the recovering market in the Netherlands and Belgium will offer us.

We are refraining from making any specific predictions for the half-year results. The half-year figures will be published on 21 July.

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO
Rob van der Sluijs, CFO

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District Court of Amsterdam rejects all of Jumbo and Coop's claims

In the substantive proceedings initiated by the Jumbo & Coop consortium in relation to the transaction regarding the sale of EMTÉ in 2018, the District Court of Amsterdam issued its judgment on 10 November 2021. We received this judgment today.

The court rejects Jumbo and Coop’s claims in their entirety and orders them to pay the costs of the proceedings. We are pleased with this judgment, which is entirely in line with expectations previously expressed by Sligro Food Group.

Veghel, 11November 2021

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Download Trading Update Q3 2021

Trading update third quarter 2021

In the third quarter of 2021, net sales were up 1.8% on the previous year. This growth in net sales was entirely organic. Cumulatively, net sales were down 9.8% over the first three quarters of 2021.

Total net sales break down by segment as follows:

Q3 2021

In the third quarter of 2021, we saw strong recovery in virtually all customer segments of our sales markets. While corporate catering, the event industry and healthcare still lagged behind, we are seeing some gradual recovery there as well. Both in the Netherlands and Belgium, we have a relatively strong position in these customer segments.

Where tobacco sales rose sharply last year, we saw a €36 million drop in tobacco sales over the first three quarters of this year, partly due to changes in legislation.

Developments in net sales in other customer segments partly make up for this. Moreover, this net sales development is increasingly reinforced by our new platform of one order, one delivery, and one invoice that we run in collaboration with our partner Heineken.

Once the final remaining restrictions are lifted, our sales will bounce back to close to pre-COVID levels.

Over the first nine months of this year, net sales declined by 26% from the pre-COVID levels. In the third quarter, this decline levelled out somewhat to 10%.

Download Trading Update Q3 2021

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Trading update first quarter 2021

In the first quarter of 2021, Sligro Food Group N.V. generated net sales of €328 million, a reduction of €205 million or 38.4% compared to the €533 million in net sales posted in the same period in 2020.

Our markets were still greatly affected by the COVID-19 measures in place in the first quarter of 2021, with net sales down by 50% in the first quarter compared to the pre-COVID-19 situation. However, Sligro Food Group performed slightly better than this figure, with a 43% reduction in net sales compared to pre-COVID-19 levels. Although this is a significant drop, which is greater than during the two lockdown periods in 2020, it does mean we have once again reinforced our relative market position.

Trading update third quarter 2020

Sales fell by 9.5% in the third quarter of 2020 compared with last year. The entire fall was organic. Cumulatively, sales for the first three quarters of 2020 were down by 14.4%. Excluding the additional sales generated in the first half of 2020 from the acquisition of De Kweker (since July 2019), the cumulative organic decline was 16.8%.

Sales Q3 2020

Our markets in the Netherlands and Belgium have suffered considerably from government measures to prevent the spread of Covid-19. These significantly affected sales in the second quarter but the third quarter showed a strong recovery, partly as a result of the good summer. The recently announced measures in the Netherlands and Belgium mean that a new setback in sales can be expected in the fourth quarter.

We are nevertheless encouraged by the fact that we have been relatively less badly affected in these circumstances than other players in the market. Our market leadership in the Netherlands, major regional presence, combination of cash-and-carry and delivery service and widely diversified customer portfolio all contribute to our substantial outperformance of market (down 31.9% to 6 September, according to Foodstep) and so we are gaining market share. Our position is different in the Belgian market but there too we are performing better than average thanks to our customer portfolio mix, with a relatively large share in the care and cure market segment. This strengthens our belief that we will be able to recover quickly once the worst effects of Covid-19 have passed and may benefit from a possible further consolidation in the markets in both countries.

Download Trading Update Q3 2020

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Trading update first quarter 2020

Sligro Food Group N.V.'s sales for the first quarter of 2020 were €533 million, an increase of €5 million or 1.0% compared with the figure of €528 million for the same period in 2019.

In mid March , the governments of t he Netherlands and Belgium put a range of measures in place to limit the spread of covid 19. Those measures closed down the operations of the majority of our customers and consequently a significant portion of our sales disappeared overnight.