Sligro : Adjusting estimates to the lockdown reality
>Dutch and Belgian hospitality closed during whole of Q1 2021 - With the Dutch government-imposed COVID-19 restrictions in place until 20 April at least, we cut our estimates for Sligro. We now incorporate full lockdown during Q1 2021 for hospitality sectors in the Netherlands and Belgium in our 2021 forecasts, with a gradual reopening expected in late April or early May. A scenario of a quick recovery from H2 2021 remains possible, in our view, and we forecast H2 202...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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