Rising foodservice revenues offset a fall in retail sales during the first quarter of the year for Sligro Food Group, the Netherlands-based firm.
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The company, which runs the Em-té and Golff supermarkets, as well as foodservice and food manufacturing operations, said today (16 April) that consolidated first-quarter sales dipped 0.4% during the q1uarter to EUR518m (US$682.8m).
Nevertheless, on an organic basis, the company sales rose by 4.1%, with turnover from foodservice up 3.1%.
Retail sales were down 6.3% at EUR180m, although like-for-like consumer sales rose 4.9% due to improved sales at the Em-té and Golff stores.
Sligro said its retail sales were down due to the transfer of some stores and was upbeat about the business’ performance. “Our formats outperformed the market as a whole,” the company said.
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By GlobalDataNevertheless, Sligro said “uncertain” market conditions meant it would nit issue half-year forecasts.
The company will published its half-year numbers on 16 July.
