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Retail

Sligro Posts Sales Increase Of 4.8% In First Nine Months

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Sligro Posts Sales Increase Of 4.8% In First Nine Months

Dutch wholesaler Sligro has recorded sales of €2,166 million in the first three quarters of 2017, representing an increase of 4.8% compared to the same period last year.

The group's food service business saw sales rise by 6.9% in the first nine months, however, growth slowed slightly in the third quarter.

Meanwhile, food retail sales were down by 0.2%, which Sligro attributes to the loss of two stores. Like-for-like sales at the group's Emté supermarkets were down by 0.4%.

Outlook

Sligro is anticipating a recovery in the food service market, which it expects to benefit from in the next few quarters.

Additionally, the process for the group's strategic partnership with Heineken is in its final stage, and is expected to be finalised in the fourth quarter.

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The company says that it is using the second half of the year to examine which alternative strategy will create the most value for its retail activities.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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