Sligro Food Group N.V. : H1 2024 sales weak, EBIT/net profit in line, 2024 guidance below consensus
>Sales below our forecast, but EBIT, net profit and leverage in line with estimates - Sligro reported net sales of € 1,393m, operating profit of € 6m and a net loss of € -1m in H1 2024. We had forecast € 1,418m, € 5m, and € -1m, respectively (consensus: € 1,434m, € 15m and € 8m, respectively. The group ended H1 2024 with net debt (excluding leases) of € 197m and a net debt/EBITDA leverage ratio of 1.96 (ABN: € 181m and 1.8x, respectively). There were no consensus esti...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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