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