Sales from continued operations in the first half of 2018 were € 1,131 million, up 11.0% on the corresponding period in 2017. Organic sales declined by 0.1%, partly as a result of a change in reporting rules. Operating profit from continued operations fell €2 million to €31 million. Net profit from continued operations declined by €1 million to €25 million in the first six months of the year. The Group’s net profit, including discontinued operations, increased by €1 million to €29 million.
Koen Slippens, CEO: "After a difficult start to the year, we closed the first half of the
year with two fantastic summer months. We are seeing net growth in our sales markets, even though it doesn’t appear to be as strong we had originally expected. At Foodservice, the first six months of the year were dominated by the acquisition of the Heineken wholesale operations. Our first priority is of course to look after our joint customers and to ensure continuity of operations. In addition, we are working hard on the preparations for the further integration of the activities, due to start later this year. There is a strong belief in the partnership and we are seeing the opportunities for sales and logistical benefits over the next few years confirmed. The preparations for the opening of Sligro-ISPC in Antwerp and the launch of our IT transition, both scheduled for later this year, are fully under way.
At Food Retail, the first half of the year was dominated by the sale of the activities and the preparations for the transfer of activities. This resulted in the completion of the transaction on 2 July and a smooth transfer of the operation to the buyers. We have great respect for our many EMTÉ colleagues, who have continued to work with great passion and commitment
throughout this difficult period."
Read more in the press release below.
Download Half-year figures 2018
(600,6 kB)
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Meeting
13.30 pm: Analysts meeting
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
A conference call will be hosted at 15.30 hours CET. The dial-in number is: +31 20 531 5851 (entrance via operator).
Would you like to receive press releases of Sligro Food Group in your mailbox? Please sent an e-mail with your name, address and e-mail to Grietje de Boer: gdeboer@sligro.nl
On Thursday, July 19, Sligro Food Group presented the half-year figures 2018 in Sligro Amsterdam.
Watch the presentation below in PDF.
Download Presentation Half-year figures 2018
(3 MB)
The figures were discussed at our meeting with analysts, at 13.30 hour.
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
Also a conference call was hosted at 15.30 hours CET.
On Thursday, July 19, Sligro Food Group will publish the Half-year figures 2018.
The press release will be published before the stock exchange opens.
The figures will be discussed at our meeting with analysts, at 13.30 hour.
Location
Sligro Amsterdam
Van der Madeweg 39
1115 RD Amsterdam-Duivendrecht
Also a conference call will be hosted at 15.30 hours CET. The dial-in number is : +31 20 531 5851 (entrance via operator).
If you wish to attend the analysts meeting or the conference call, sent an e-mail to Grietje de Boer: gdeboer@sligro.nl
Sligro Food Group N.V., Jumbo Groep Holding B.V. and Coop Holding B.V. announce that on 2 July 2018, they completed the transaction for the sale, announced on 5 March 2018, of all the shares in EMTÉ Holding B.V. and its subsidiaries EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V. by Sligro Food Group to the consortium of Jumbo and Coop.
The Netherlands Authority for Consumers and Markets (ACM) had already approved the sale and the Works Councils had expressed a positive opinion. Jumbo and Coop will start converting the EMTÉ supermarkets to their own formats this autumn. Sligro Food Group will continue to provide certain support services to EMTÉ during the transition period in order to ensure a smooth handover of EMTÉ to Jumbo and Coop.
Read more in the press release (English, Dutch or French).
Download Sale of EMTÉ to consortium Jumbo-Coop completed
(80,3 kB)
Download Verkoop EMTÉ aan consortium Jumbo en Coop afgerond
(81 kB)
Download Finalisation de la cession d’EMTÉ au consortium Jumbo-Coop
(81,5 kB)
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On Tuesday 26 June 2018, the Netherlands Authority for Consumers and Markets (ACM) gave its approval to the proposed sale of all the shares in EMTÉ Holding B.V. and its subsidiaries EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V. by Sligro Food Group to the consortium of Jumbo and Coop.
Download the press release below.
Download ACM approves sale of EMTÉ
(43,7 kB)
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Sligro Food Group N.V.'s sales for the first quarter of 2018 (13 weeks) were €722 million, an increase of €53 million or 7.9% compared with the figure of €669 million for the same period in 2017. Excluding the effect of acquisitions, sales declined by 0.7%.
Foodservice sales were up by €59 million or 12.7% in the first quarter compared with last year. Excluding the effect of acquisitions, sales showed a 0.3% increase. Food Retail sales were down 3.1% in the first quarter. Likefor- like consumer sales at EMTÉ supermarkets declined 1.7% in the first quarter.
Read more in the press release below (English, French or Dutch).
Download Trading Update first quarter 2018
(52,1 kB)
Download Trading Update du premier trimestre 2018
(57 kB)
Download Trading Update eerste kwartaal 2018
(53,5 kB)
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Veghel, 5 March 2018 - Sligro Food Group N.V., Jumbo Groep Holding B.V. and Coop Holding B.V. are pleased to announce that they expect to reach agreement on the sale of all the shares in EMTÉ Holding B.V. and its subsidiaries, EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V., by Sligro Food Group to the consortium of Jumbo and Coop. Sligro and Jumbo also expect to reach agreement on a long-term contract positioning Sligro as preferred supplier of La Place.
The proposed sale involves EMTÉ’s 130 supermarkets, its retail distribution centres in Kapelle and Putten, its meat plant in Enschede and its supporting operational and commercial departments at the head office in Veghel. In 2017 EMTÉ’s net sales were €828 million. Approximately 6,200 employees or approximately 2,700 FTEs are involved in these activities. In addition, the intention is to sell EMTÉ’s supermarket real estate to the same consortium simultaneously in a separate transaction. EMTÉ owns 27 retail sites.
The basic assumption for this transaction is that ultimately 2/3 of the EMTÉ business will be integrated into Jumbo and 1/3 into Coop. Jumbo and Coop have previously worked together successfully on acquisitions and are looking forward to this integration with confidence. Parties aim to complete the transaction in the course of 2018. All employees involved will move to the consortium.
Read more in the press release (English, French or Dutch)
Download Sligro Food Group sells EMTÉ to consortium of Jumbo and Coop
(169,3 kB)
Download Sligro Food Group cède EMTÉ au consortium formé par Jumbo et Coop
(308,7 kB)
Download Sligro Food Group verkoopt EMTÉ aan consortium Jumbo en Coop
(161,2 kB)
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The Annual General Meeting of Shareholders (AGM) of Sligro Food Group is held on Wednesday, March 21th, 2018 at the offices of the Company, Corridor 11, Veghel.
Shareholders of Sligro Food Group are invited to attend the Annual Meeting, on Wednesday, 21 March 2018, at the Company’s offices, Corridor 11, 5466 RB Veghel.
Important dates, convocation, agenda and other documents can be found on the AGM Information page, under Investor Relations on this website.
Sligro Food Group announces that the Annual report for 2017 is available with effect from today.
For a copy of the report please click below for the full version in PDF.
For more information or a hard copy of the Annual report, please contact us by sending an e-mail to Mieke van der Valk: mvdvalk@sligro.nl
Download Annual report 2017
(5,5 MB)
Net profit for the year amounted to €81 million, which is an increase of 9.9% compared with 2016. Sales in 2017 amounted to €2,970 million, an increase of 5.6%. Excluding the effect of acquisitions, organic growth was 2.1%.
CEO Koen Slippens: "Keep Building the Future” was the theme for 2017. We can look back with satisfaction on the way we have done this with the start of a long-term strategic partnership with HEINEKEN, the acquisition of ISPC, the start of work on the Sligro-ISPC building in Antwerp and preparations for the new international organisation structure, our management model and the replacement of our entire IT landscape. Foodservice again outperformed the market and, according to FSIN, our market share in the Netherlands grew to 24.4%. Food Retail is still lagging behind the market and we saw our market share fall to 2.5%."
Read more in the press release or watch the video below.
The 2017 Annual Report will be published on 2 February 2018. In our trading update of 19 April 2018, we will address the developments in the first quarter of 2018. The half-year figures will be published on 19 July 2018.
Would you like to receive press releases of Sligro Food Group in your mailbox? Please sent an e-mail with your name, address and e-mail to Mieke van de Valk: mvdvalk@sligro.nl