NETHERLANDS: Sligro FY sales rise despite Q4 slowdown

By Katy Askew | 2 January 2014

Sligro hit by weaker than expected December sales

Sligro hit by weaker than expected December sales

Dutch retailer Sligro has booked an increase in sales for 2013, despite witnessing lower revenues in the fourth quarter of the year.

The company said today (2 January) full-year sales rose to almost EUR2.5bn (US$3.4bn), up from EUR2.46 in 2012. Food retail sales totalled EUR840m in the period, up from EUR833m last year.

However, Sligro said its fourth quarter result was hit by "lower than expected" December sales. Total forth-quarter sales stood at EUR649m, down from EUR653m last year.

The group's food retail business weighed on the fourth-quarter result, with the slowdown more pronounced here than Sligro's foodservice arm. Food retail fourth-quarter sales fell to EUR205m from EUR210m.

Sligro will publish its complete full-year numbers on 23 January.

Show the press release

Sligro Food Group posts € 2,498 million sales in 2013

 

 

Sligro Food Group N.V.’s sales in 2013 amounted to € 2,498 million, an increase of 1.3% compared with sales in 2012 of € 2,467 million.

 

Total sales are analysed as follows (€ million):

 

Q4

Full year

 

2013

2012

2013

2012

Foodservice

444

443

1,658

1,634

Food retail

205

210

840

833

 

 

 

 

 

Total

649

653

2,498

2,467

 

Total foodservice sales growth was 1.5% (Q4: 0.2%). Excluding the effect of the Van Oers acquisition and the changes relating to tobacco products, organic growth was 0.6% (Q4: negative 0.3%). Including these tobacco-product changes, there was negative organic growth of 0.5% (Q4: 1.4%). A technical note on the consequences of the change in the tax legislation for tobacco products can be found at the end of this press release.

 

Total food retail sales growth was 0.8% (Q4: negative 1.9%). Growth in EMTÉ’s like-for-like consumer sales was 1.9% (Q4: negative 0.3%).

 

Group organic growth was 0.9% (Q4: negative 0.5%). Including tobacco products, the growth figure was 0.1% (Q4: negative 1.2%). In Q4 sales for December were lower than expected.

 

 

The complete full-year figures for 2013 will be published on 23 January 2014.

Original source: Sligro Food Group

Sectors: Financials, Retail

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