Sligro Food Group N.V. : Netherlands solid; Belgium weak; outlook reiterated
>Netherlands solid; Belgium still weak - Sligro reported Q3 2024 sales of € 730m this morning, or slightly better than our forecast of € 725m. Group organic sales growth was 3.5% in the quarter, ahead of our forecast of 2.8% Consensus (four contributors) was at € 717m. Sales in the Netherlands came in € 10m higher than we had expected at € 636m. Organic sales growth amounted to 5.8% in the Netherlands in the quarter (ABNe: 4.0%). Troubled Belgium reported sales of € 9...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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