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January 4, 2012

NETHERLANDS: Sligro sales growth slows in Q4

Dutch retailer Sligro Food Group saw its retail sales growth slow in the last quarter of 2011, a year in which its top line was boosted by the company's 2010 takeover of Sanders Supermarkten.

By Dean Best

Dutch retailer Sligro Food Group saw its retail sales growth slow in the last quarter of 2011, a year in which its top line was boosted by the company’s 2010 takeover of Sanders Supermarkten.

Sligro, which runs retail outlets and acts as a foodservice supplier, today (4 January) reported a 10% increase in annual sales from its retail business to EUR811m (US$1.05bn).

However, the company’s retail sales in the fourth quarter of 2011 were up by only 2% to EUR209m.

The slowdown Sligro’s retail sales growth led its turnover to decelerate in the fourth quarter.

Sligro reported a 5.9% increase in annual revenues to EUR2.42bn. Its sales in the fourth quarter grew 5.4% to EUR652m.

Sales from Sligro’s foodservice arm increased 3.9% in 2011 to EUR1.61bn. In the fourth quarter, sales rose 7.1% to EUR443m.

Sligro will report its complete 2011 financial results on 26 January.

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