Sligro/FY25 results: Belgium remains a key issue/HOLD

We reiterate our HOLD rating on Sligro but increase our target price from €10.5 to €14.0, reflecting (1) an increase in our 2026 EBITDA forecast and (2) a lower net financial debt thanks to a strong FCF generation in 2H25. Despite these improvements, we remain cautious on the group's FCF generation going forward, as we understand that the strong performance in 2H25 was mainly driven by one-offs amounting to €30m at the working capital level, some of which will revert in FY26. Furthermore, we remain puzzled by the group's capital allocation, as we see limited benefit in a share buyback in the c...

Sligro Food Group Nv: 2 directors

Two Directors at Sligro Food Group Nv bought 4,255 shares at 12.920EUR. The significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 09/02/2026

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