Sligro Food Group N.V. : Many moving parts, and lower results and cash flows forecast for H1 2023
>Sales growth of 12.5% expected (€ 743m) in Q2 2023 - Sligro is set to report its H1 2023 results on 20 July at 07:30 and host an analyst meeting later that day in the afternoon. We note that Q2 2023 the first quarter that no longer compares with a period impacted by COVID-19-related lockdowns. We forecast net sales growth of 12.5%, to € 743m, including an estimated € 46m sales contribution from Metro and € 10m in sales from a contract signed with Compass as per 1 Jul...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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