Dutch grocer Laurus expects to end the first half of 2004 with a net loss of €15m (US$18.55m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


This compares unfavourably with the net profit of €7m posted in the first half of 2003. The downturn is attributed to decreased value sales and lower margins as a result of the intense price competition between Dutch food retailers.


Laurus announced late July that it had generated a net turnover of €1.746bn in the first half of 2004 compared to €1.974bn in the year-ago period.


Final results will be released 1 September.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now