Sales in the first half of 2019 were €1,135 million, up 0.4% on the corresponding period in 2018. Operating profit from continuing operations fell €13 million to €18 million. Net profit from continuing operations declined by €12 million to €13 million in the first six months of the year.
Koen Slippens, CEO: "The economic climate in the Netherlands and Belgium cooled considerably in the first half of the year. The decline in consumer confidence in both countries once again looks to be a predictor of market trends. In the Netherlands, we witnessed a slight upturn in the market, which is primarily price-driven. In Belgium, the market is contracting. There was a substantial rise in logistics, energy and staff costs.
All in all, these are challenging conditions for us and our competitors and so it is important that we make progress for the future, but at the same time steer the business through the current market.
In the Netherlands, sales increased in line with the market and we were able to absorb price increases in the operation to a reasonable extent. In addition to our day-to-day operations, we are working on a number of large projects such as our SAP implementation and the integration of Heineken. The carve-out of retail was also completed at the end of June. The combination of these activities has meant, however, that we have not yet reduced the costs of our central organisation to the extent we feel is necessary to absorb the loss of cover from retail.
In Belgium, we significantly outperformed the market, partly thanks to the good progress we have made with our new outlet in Antwerp in the course of the first six months of the year. We know that sales in Antwerp need to grow further to achieve break-even operations. In addition, we are building on our infrastructure and a single head office organisation for Sligro Food Group Belgium. In Belgium, too, we need to make investments so that we can reap the benefits later."
Read more in the press release below.
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Sligro Food Group has received an announcement of a possible claim directed against it by the Jumbo and Coop consortium, arising from the transaction for the sale of EMTÉ to that consortium in 2018. According to the consortium, EMTÉ’s gross profit margin did not develop as they expected in the phase following the transaction.
Sligro Food Group does not accept, and distances itself from, the allegations made by the consortium on this theme. At this stage we have no knowledge of the size of the possible claim.
Sligro Food Group is preparing for the next steps in this process and faces any potential legal proceedings with great confidence.
Veghel, 19 September 2019
On behalf of the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluiojs, CFO
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Sligro Food Group N.V.’s sales for the first three quarters (39 weeks) of 2019 were €1,740 million, an increase of 1.1% (Q3: 2.3%) compared with €1,722 million for the corresponding period in 2018. Excluding the effect of acquisitions and the impact of IFRS 15, sales declined by 0.4% (Q3: -2.5%) .
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Download Trading update third quarter 2019
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The sales figures for 2019 will be announced on 2 January 2020 and the complete full-year figures for 2010 will be published on 23 January 2020.
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Sligro Food Group N.V.’s 2023 annual report (in Dutch) was published on 8 February 2024.
The English version was published on 15 February 2024.
Click here for the annual report website
Revenue for Sligro Food Group N.V. for 2023 came in at €2,859 million, an increase of 15.2% compared to the €2,483 million in revenue in 2022. 8.8% of the increase was organic.
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Sligro Food Group will publish its full annual results and annual report for 2023 prior to the opening of the stock exchange on 8 February 2024.
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Sligro Food Group N.V.’s 2022 annual report (in Dutch) was published on 6 February 2023, in line with the information in our press release of 2 February 2023 on the 2022 annual figures.
The English version was published on 8 February 2023.
Click here for the annual report website
Revenue for Sligro Food Group N.V. for 2022 came in at €2,483 million, an increase of 30.8% compared to the €1,898 million in revenue in 2021. In the fourth quarter of 2022, revenue was up 26.8% on the previous year.
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Sligro Food Group will publish its full annual results and annual report for 2022 prior to the opening of the stock exchange on 2 February 2023.
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Revenue for Sligro Food Group N.V. for 2021 came in at €1,898 million, a decrease of 2.5% compared to the €1,946 million in revenue in 2020. In the fourth quarter of 2021, revenue was up 21.5% on the previous year.
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Sligro Food Group will publish its full annual results and annual report for 2021 prior to the opening of the stock exchange on 3 February 2022.
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A decrease of 18.7% compared with sales of €2,395 million in 2019.
Sales fell by 30.4% in the fourth quarter compared to last year. The entire fall was organic. 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 20.5%.
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Sligro Food Group will publish its complete full-year figures on 28 January 2021 before the opening of trading on the stock market.
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Sligro Food Group N.V.’s sales in 2019 amounted to €2,394 million, an increase of 2.1% compared with sales of €2,346 million in 2018.
Read more in the press release below.
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The complete full-year figures for 2019 will be published on 23 January 2020 before start of trading.
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