DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Sligro Food Group Reports 9.5% Decline In Turnover In Q3

By Dayeeta Das
Share this article
Sligro Food Group Reports 9.5% Decline In Turnover In Q3

Dutch wholesaler Sligro Food Group has posted a 9.5% year-on-year decline in turnover to €547 million in the third quarter of its financial year.

In the Netherlands, the company’s third-quarter revenue declined to €504 million, from €550 last year.

The Belgian division generated revenue worth €43 million during the quarter, down from €55 million in 2019.

Sligro witnessed an overall 14.4% decline in revenue in the first nine months of its financial year to €1.49 billion from €1.74 billion in 2019.

Impact Of Pandemic

Sales in the Netherlands and Belgium were impacted, particularly in the second quarter, due to government measures implemented to contain the spread of the COVID-19 pandemic.

ADVERTISEMENT

However, the company added that it witnessed a strong recovery in the third quarter, driven by a pleasant summer.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.