Sligro : Solid H1 2021 and pre-crisis leverage paving the way for growth acceleration
>Strong top-line growth in Q2 2021 - Sligro reported net sales of € 460m in Q2 2021, € 15m ahead of our forecast. The beat can mainly be attributed to Sligro’s Dutch operations while Belgium reported in-line sales. We conclude that Sligro’s sales were back at approximately 73% of pre-COVID-19 levels in Q2 2021 and we anticipate this to improve to around 100% in the course of H2 2021, despite uncertainties about the segments of corporate catering, events, and education...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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