Sligro Food : Half-year figures 2017

Half-year figures 2017: net profit €28 million

Sales in the first half of 2017 were €1,435 million, an increase of 5.9% on the corresponding period in 2016. On a like-for-like basis, sales growth was 3.3%. Operating profit rose €1 million to €35 million. Net profit for the first six months was €28 million, the same as last year.

Koen Slippens, CEO: 'As expected, improvements in employment levels and consumer confidence have translated into growing markets for both foodservice and foodretail and this contributed to higher sales in both our business units in the course of the half-year.

At Foodservice, we concluded the acquisition of ISPC during the first half of the year and that of Tintelingen in early July. There was also dynamic progress on the strategic partnership with Heineken. The result at Foodservice for the first six months improved despite the non-recurring costs involved with these types of project. We are pleased with this positive development.

At Food Retail, the first six months of the year were marked by the further rollout and optimisation of our 3.0 format and the evaluation of developments in this business unit. That evaluation showed that we can achieve the objectives of the EMTÉ 3.0 business case but that we will need more time for this. Nevertheless, we expect that, even after returning to good health in due course, the EMTÉ 3.0 format wil have difficulty in keeping up with changes in the market in the future as a result of insufficient scale. Consequently, we will use the second half of the year to examine what alternative strategy will create the greatest value for our retail activities.'

For more informatian, download the press release.

Meetings July 20, 2017
11.00 am: Press conference
13.30 pm: Analysts meeting

Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht

A conference call will be hosted at 15.30 hours CET.
The dial-in number is: +31 20 531 5851 (entrance via operator).