UPDATE ON FINANCING AND DIVIDENDS
We entered into constructive talks with our principal bank and USPP financiers as soon as our sales markets started to be hit hard by the government measures imposed in the Netherlands and Belgium to combat the spread of COVID-19.
Download Press release update financing and dividends
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Veghel, 1 July 2020
On behalf of the Executive Board of Sligro Food Group N.V.
Koen Slippens, CEO
Rob van der Sluijs, CFO
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Through 'Simply Wall Street' (Sidney, Australia) an incorrect message is distributed about a presumed insider selling. In concrete terms, the article mentioned a sale of Sligro Food Group NV shares by CEO Koen Slippens..
The message is based on an incorrect understanding of our option scheme. This concerns an exercise of options in which the net proceeds are fully and compulsorily used for the purchase of Sligro Food Group NV shares. There is therefore no question of selling, but instead of buying out shares. This transaction can be seen in the public register of the AFM and on this website.
Sligro Food Group N.V.’s sales for the first three quarters (39 weeks) of 2018 were €1,722 million, an increase of 11.1% (Q3: 11.4%) compared with the figure of €1,550 million in 2017. Excluding the effect of acquisitions, sales rose 1.0% (Q3: 3.3%).
Read more in the press release below.
Download Trading Update third quarter 2018
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The sales figures for 2018 will be announced on 2 January 2019 and the complete full-year figures for 2018 will be published on 24 January 2019.
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Publications appear in the media as a result of the declining interest of the Stichting Werknemersaandelen Sligro Food Group in Sligro Food Group N.V. We would like to provide some context.
The Foundation has not reduced its interest in Sligro Food Group for a specific purpose. This concerns the purely technical effect as a result of the sale of EMTÉ supermarkets. The Sligro Food Group N.V. shares of the employees involved in this sale will leave the Foundation, causing the interest to fall below 3%. This transaction took place after closing and was reported in accordance with the Financial Supervision Act.
Sales from continued operations in the first half of 2018 were € 1,131 million, up 11.0% on the corresponding period in 2017. Organic sales declined by 0.1%, partly as a result of a change in reporting rules. Operating profit from continued operations fell €2 million to €31 million. Net profit from continued operations declined by €1 million to €25 million in the first six months of the year. The Group’s net profit, including discontinued operations, increased by €1 million to €29 million.
Koen Slippens, CEO: "After a difficult start to the year, we closed the first half of the
year with two fantastic summer months. We are seeing net growth in our sales markets, even though it doesn’t appear to be as strong we had originally expected. At Foodservice, the first six months of the year were dominated by the acquisition of the Heineken wholesale operations. Our first priority is of course to look after our joint customers and to ensure continuity of operations. In addition, we are working hard on the preparations for the further integration of the activities, due to start later this year. There is a strong belief in the partnership and we are seeing the opportunities for sales and logistical benefits over the next few years confirmed. The preparations for the opening of Sligro-ISPC in Antwerp and the launch of our IT transition, both scheduled for later this year, are fully under way.
At Food Retail, the first half of the year was dominated by the sale of the activities and the preparations for the transfer of activities. This resulted in the completion of the transaction on 2 July and a smooth transfer of the operation to the buyers. We have great respect for our many EMTÉ colleagues, who have continued to work with great passion and commitment
throughout this difficult period."
Read more in the press release below.
Download Half-year figures 2018
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Meeting
13.30 pm: Analysts meeting
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
A conference call will be hosted at 15.30 hours CET. The dial-in number is: +31 20 531 5851 (entrance via operator).
Would you like to receive press releases of Sligro Food Group in your mailbox? Please sent an e-mail with your name, address and e-mail to Grietje de Boer: gdeboer@sligro.nl
On Thursday, July 19, Sligro Food Group presented the half-year figures 2018 in Sligro Amsterdam.
Watch the presentation below in PDF.
Download Presentation Half-year figures 2018
(3 MB)
The figures were discussed at our meeting with analysts, at 13.30 hour.
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
Also a conference call was hosted at 15.30 hours CET.
On Thursday, July 19, Sligro Food Group will publish the Half-year figures 2018.
The press release will be published before the stock exchange opens.
The figures will be discussed at our meeting with analysts, at 13.30 hour.
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
Also a conference call will be hosted at 15.30 hours CET. The dial-in number is : +31 20 531 5851 (entrance via operator).
If you wish to attend the analysts meeting or the conference call, sent an e-mail to Grietje de Boer: gdeboer@sligro.nl
Sligro Food Group N.V., Jumbo Groep Holding B.V. and Coop Holding B.V. announce that on 2 July 2018, they completed the transaction for the sale, announced on 5 March 2018, of all the shares in EMTÉ Holding B.V. and its subsidiaries EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V. by Sligro Food Group to the consortium of Jumbo and Coop.
The Netherlands Authority for Consumers and Markets (ACM) had already approved the sale and the Works Councils had expressed a positive opinion. Jumbo and Coop will start converting the EMTÉ supermarkets to their own formats this autumn. Sligro Food Group will continue to provide certain support services to EMTÉ during the transition period in order to ensure a smooth handover of EMTÉ to Jumbo and Coop.
Read more in the press release (English, Dutch or French).
Download Sale of EMTÉ to consortium Jumbo-Coop completed
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Download Verkoop EMTÉ aan consortium Jumbo en Coop afgerond
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Download Finalisation de la cession d’EMTÉ au consortium Jumbo-Coop
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On Tuesday 26 June 2018, the Netherlands Authority for Consumers and Markets (ACM) gave its approval to the proposed sale of all the shares in EMTÉ Holding B.V. and its subsidiaries EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V. by Sligro Food Group to the consortium of Jumbo and Coop.
Download the press release below.
Download ACM approves sale of EMTÉ
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Sligro Food Group N.V.'s sales for the first quarter of 2018 (13 weeks) were €722 million, an increase of €53 million or 7.9% compared with the figure of €669 million for the same period in 2017. Excluding the effect of acquisitions, sales declined by 0.7%.
Foodservice sales were up by €59 million or 12.7% in the first quarter compared with last year. Excluding the effect of acquisitions, sales showed a 0.3% increase. Food Retail sales were down 3.1% in the first quarter. Likefor- like consumer sales at EMTÉ supermarkets declined 1.7% in the first quarter.
Read more in the press release below (English, French or Dutch).
Download Trading Update first quarter 2018
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Download Trading Update du premier trimestre 2018
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Download Trading Update eerste kwartaal 2018
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