Dutch food group Sligro said it “outperformed the market” to post EUR28m (US$36.2m) net profit for the first half of 2010, up 4.6% on the year.

Operating profit increased 2.9% at EUR37m on the back of sales growth during the first half of the year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Sales were up 2.7% to reach EUR1.11bn, although Sligro’s like-for-like sales in its food retail business grew 4.2%. The company’s Emté banner posted 5.2% like-for-like growth.

However, a reduction in the number of stores in 2009 impacted Sligro’s retail sales for the half, which fell EUR6.5m to EUR355.6m.

Sligro operated 120 outlets in the first half of 2010, compared with 135 in 2009.

See Also:

The company said it was able to buck market contractions in the foodservice sector and continue growing against market trends, posting 4.9% organic sales growth. Revenue for the division reached EUR759.4, up 4.98% on the same half last year. However, operating profit fell 13% to EUR31.9m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sligro executive board chairman Koen Slippens said: “We achieved our ambition of outperforming the total market by a clear margin in both market segments. The group ended the first half with a higher profit and we are pressing ahead with our investment programme which will enable us to benefit from economic recovery.”