Sligro Food Group N.V. : Taking pain in 2023; EBITDA margin goal seen reiterated; TP cut to € 19
>Sligro’s full-year 2023 results set for 8 February - Sligro reported net sales of € 2,859m already on 4 January, and the group’s full-year 2023 results are due on 8 February. Earlier, on 19 October 2023, Sligro reported its Q3 2023 trading update and hosted at Capital Markets Day, during which it said it expected a limited operating result in 2023, predominantly due to an impairment of € 25m related to Sligro’s SAP implementation in Q4 2023. We included this impairm...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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