Sligro Food Group 1H23: Solid results, € 0.30 ps interim dividend and announces CMD
Sligro results were in line with expectations with sales increasing 17.6% on an organic basis to € 1403m (kbcse: € 1402m). EBIT of € 4m was slightly below expectations (kbcse: € 10m, css: € 8m), driven by Metro start-up costs and recovery & write down costs related to the SAP integration in Antwerp. Sligro further announced an interim dividend of € 0.30 ps and will hold a CMD on October 19th 2023.Sligro Food Group NV is a company engaged in the food distribution industry, based in the Netherlands. It divides its business into two segments: Food Retail activities comprise around 130 full-service EMTE supermarkets with 30 operated by independent retailers; Food Service offers nationwide network of cash and carry and delivery service outlets serving large and small-scale hospitality, establishments, leisure facilities, volume users, company and other caterers, forecourt retailers, small and medium-sized enterprises, smaller retail businesses and the institutional market. The Company serves the institutional market trading under the name Van Hoeckel and the other segments of the market as Sligro. The Company's subsidiaries include CaterTechBV and Bejaco NV, including its subsidiaries JAVA BVBA and Freshtrans BVBA, jointly known as JAVA Foodservice.
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