Sligro Food Group N.V. : Amidst rock-bottom valuation, we stick to our € 14 TP and Neutral
>Q3 2024 sales beat expectations on solid Netherlands and weak Belgium - Sligro announced its Q3 2024 sales figures yesterday morning, reporting sales of € 730m. This surpassed both our estimate of € 725m and consensus of € 717m. Within this mix, we observed robust performance in the Netherlands, while Belgium continued to underperform.Excluding tobacco, Netherlands posted 2.8% growth, in line with the market - In the Netherlands, sales for the quart...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.