Sligro Food Group N.V. : Attractively valued, despite modelled-in likely recession in Netherlands
>Sligro set to report H1 2022 results on 21 July - Sligro is set to report its H1 2022 results on 21 July at 07:30 and host an analyst meeting later that day at 13:30. For non-Dutch analysts and investors, Sligro will host a conference call at 15:00. We expect Sligro to report net sales of € 1,039m, operating profit of € 33m, and net profit of € 26m for H1 2022. We expect financial leverage to have come down further, to 1.1x forecast at H1 2022 (end-2021: 1.8x). Moreo...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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