Sligro : 2021 sales marginally above our forecast, but 1.7% below consensus
>2021 sales beat our forecast by € 8m, driven by Netherlands and Belgium - Sligro reported net sales of € 1,898m in 2021, € 8m higher than our forecast but 1.7% lower than company-collected consensus of € 1,931m. In the Netherlands sales came in € 3m higher than our forecast, and on a much smaller absolute base, sales in Belgium came in € 5m higher than our forecast. We note that COVID-19-related restrictions are materially less severe in Belgium than in the Netherlan...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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