Report
Robert Jan Vos

Sligro Food Group N.V. : Investment case still compelling, but cautious into the 2 Feb update

>2022 results release and update on Metro deal set for 2 February - Sligro already reported its Q4 2022 sales on 4 January, and the group’s full-year 2022 results and Metro update are set for 2 February (07:30). Sligro will host an analyst meeting in Amsterdam that same day (13:30). Our 2022 forecasts are ahead of consensus, and we see some downside risks, for example, because of potential advisory costs incurred in 2022 related to the Metro deal that was closed early...
Underlying
Sligro Food Group N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Robert Jan Vos

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