Sligro Food Group N.V. : Results okay, but dividend cut and lack of 2024 outlook not
>Taking into consideration one-offs, EBIT of € 15m okay, but dividend cut not - Sligro reported gross profit of € 762m in 2023 (ABNe: € 757m). We note that Sligro reported its 2023 sales figures already on 4 January. Total operating costs amounted to € 747m, implying group EBIT of € 15m in 2023 (ABNe: € 6m). We note that operating profit included other operating income of € 8m (ABNe: € 3m) and impairments/other of € 26m (ABNe: € 25m). Net profit came in at € 6m, compa...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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