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Sligro Food Group Posts €2.4 Billion In Net Sales In 2019

Published on Jan 2 2020 10:19 AM in Retail tagged: Netherlands / Sligro / Sligro Food Group / World News / De Kweker

Sligro Food Group Posts €2.4 Billion In Net Sales In 2019

Dutch wholesaler Sligro Food Group has posted net sales of €2.39 billion for full-year 2019, which is up 2.1% on the previous year.

However, adjusted for acquisitions, sales at the business decreased 0.9%.

In the Netherlands, the business posted €2.17 billion worth of sales for the year, which was up from €2.13 billion the previous year, while in Belgium, sales totalled €229 million, up from €220 million.

In the fourth quarter of the year alone, sales in its Netherlands business were €593 million (2018: €563 million), while Belgium sales were €61 million, level with the previous year.

Acquisition

The second half of the year saw a €70 million sales boost relating to the acquisition of the De Kweker business in the Netherlands.

While total sales at the Netherlands business rose 1.9%, organic growth was down 1.4%, the group said.

Sligro will publish its complete full-year figures on 23 January.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine

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