Sligro Food Group 2016 net profit: €73 million
The net profit for the year amounted to €73 million, which is a decrease of 9.1% compared with 2015. As stated in the press release of 4 January 2017, sales in 2016 amounted to €2,813 million, an increase of 5.4%. Discounting the effect of acquisitions and week 53 in 2015, organic growth was 2.3%.
CEO Koen Slippens: "The theme of 2016 was ‘Building the future’. As is often the case when you are building something, you have to make investments before you can reap the benefits. As previously stated, profit for 2016 was below the record year of 2015, which had 53 weeks, which means that we did not perform as well as we had expected at the beginning of the year.
The combination of strong organic growth and some excellent acquisitions meant that Foodservice sales rose sharply and again outperformed the market. We were unable to keep pace with market growth in Food Retail, however, where our market share declined to 2.6%. During the year, we narrowed the gap between us and market growth, thanks in part to the conversion of outlets to the EMTÉ 3.0 format and we now have 15 of these stores."
Read more in the press release or watch the video below.
Annual report and Annual figures
The 2016 Annual report will be published on 3 February 2017. In our trading update of 20 April 2017, we will address the developments in the first quarter of 2017 in more detail. The half-year figures will be published on 20 July 2017.
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