Sligro Food Group has booked an increase in first-quarter sales but declined to provide a half-year forecast due to “uncertain market conditions”.
For the three months to the end of March, sales amounted to EUR535m (US$713m) an increase of 3.3% on 2009.
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The Dutch firm posted organic sales growth of 5.6% in the first quarter.
Like-for-like consumer sales growth at the firm’s EM-TÉ and Golff supermarkets during the quarter was 4.9%, with EM-TÉ up 5.7% and Golff up 3%.
The growth was partly the product of successful sales campaigns and operational improvements, the firm said.
In foodservice, organic sales growth was 5.9% supported by “successful sales campaigns and keen pricing”, Sligro said. The positive calendar effect was stronger in foodservice, but the food service market saw no recovery in the first quarter and was moreover adversely affected by the winter weather.
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By GlobalData“In these conditions, and given the highly competitive trading environment, we consider this a sound performance,” the firm said.
