Revenue for Sligro Food Group N.V. for 2024 came in at €2,890 million
Veghel, 7 January 2025
Revenue for Sligro Food Group N.V. for 2024 came in at €2,890 million, an increase of 1.1% compared to the €2,859 million in revenue in 2023. The revenue increase was entirely organic.
Total revenue breaks down by segment as follows:
In the Netherlands, revenue was up by 2.6% (Q4: increase of 4.6%). The impact of the tobacco revenue was significant this year, although the impact decreased slightly in the fourth quarter. Excluding the tobacco, the revenue in the Netherlands increased by 0.4% (Q4: increase of 3.2%).
The tobacco revenue this year was €267 million (Q4: €63 million). The share of tobacco in our revenue increased this year, coming in at 9.2% of the total revenue compared to 7.4% in 2023. As of 2025 we will no longer sell any tobacco.
In Belgium, the decrease in revenue amounted to 7.8% (Q4: decrease of 7.8%). As anticipated, revenue remained below last year’s level in the fourth quarter compared to prior year, but we have observed an improving trend since the third quarter and a narrowing gap compared to previous year.
This press release on revenue has not been audited.
Sligro Food Group will publish its full annual results and annual report for 2024 prior to the opening of the stock exchange on 27 March 2025.
Download the press release PDF here
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Publication of the 2023 annual report
Sligro Food Group N.V.’s 2023 annual report (in Dutch) was published on 8 February 2024.
The English version was published on 15 February 2024.
Click here for the annual report website
Revenue for Sligro Food Group N.V. for 2023 came in at €2,859 million
Revenue for Sligro Food Group N.V. for 2023 came in at €2,859 million, an increase of 15.2% compared to the €2,483 million in revenue in 2022. 8.8% of the increase was organic.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2023 prior to the opening of the stock exchange on 8 February 2024.
Would you like to receive press releases of Sligro Food Group in your mailbox?
Please mail your name, address and e-mail to Charissa Kleij: ckleij@sligro.nl
Publication of the 2022 annual report
Sligro Food Group N.V.’s 2022 annual report (in Dutch) was published on 6 February 2023, in line with the information in our press release of 2 February 2023 on the 2022 annual figures.
The English version was published on 8 February 2023.
Click here for the annual report website
Revenue for Sligro Food Group N.V. for 2022 came in at €2,483 million
Revenue for Sligro Food Group N.V. for 2022 came in at €2,483 million, an increase of 30.8% compared to the €1,898 million in revenue in 2021. In the fourth quarter of 2022, revenue was up 26.8% on the previous year.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2022 prior to the opening of the stock exchange on 2 February 2023.
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Please mail your name, address and e-mail to Charissa Kleij: ckleij@sligro.nl
Revenue for Sligro Food Group N.V. for 2021 came in at €1,898 million
Revenue for Sligro Food Group N.V. for 2021 came in at €1,898 million, a decrease of 2.5% compared to the €1,946 million in revenue in 2020. In the fourth quarter of 2021, revenue was up 21.5% on the previous year.
Read more in the press release below.
Sligro Food Group will publish its full annual results and annual report for 2021 prior to the opening of the stock exchange on 3 February 2022.
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Net sales of Sligro Food Group N.V. in 2020 amounted to €1,946 million
A decrease of 18.7% compared with sales of €2,395 million in 2019.
Sales fell by 30.4% in the fourth quarter compared to last year. The entire fall was organic. Excluding the additional sales generated in the first half of 2020 from the acquisition of De Kweker (since July 2019), the cumulative organic decline was 20.5%.
Read more in the press release below.
Sligro Food Group will publish its complete full-year figures on 28 January 2021 before the opening of trading on the stock market.
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Sligro Food Group posts €2,394 million sales in 2019
Sligro Food Group N.V.’s sales in 2019 amounted to €2,394 million, an increase of 2.1% compared with sales of €2,346 million in 2018.
Read more in the press release below.
Download Sales 2019 Sligro Food Group
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The complete full-year figures for 2019 will be published on 23 January 2020 before start of trading.
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Presentation Annual figures 2019
On Thursday, January 23, Sligro Food Group presented the Annual figures 2019.
Result improvement in 2024
The operating result (EBIT) increased by €28 million to €43 million and profit rose from €6 million to €24 million. We succeeded in achieving a pleasing improvement in our result in a challenging market characterised by volume pressures and high cost inflation.
CEO Koen Slippens: 'At the start of the year, it was quickly apparent to us that market conditions would remain challenging, meaning that a strong focus on efficiency and cost reduction would be needed. Long-term high inflation led to restraint in consumer spending, which in turn put pressure on our customers’ volumes and, by extension, our volumes. Cost inflation was sharp, but through enhanced efficiency and focus, we were able to absorb the substantial increase in our procurement costs.
Due to pressure on their revenue model, our customers understandably looked even more closely at our performance as a supplier. So a great deal of attention was focused this year on meeting the required standard in our basic operations and making improvements wherever possible. We executed this very successfully in the Netherlands, and we will continue to give full attention in the coming period to supporting our customers in the challenges they experience. The processes to integrate and optimise the logistics of our overall infrastructure in Belgium that we started in the autumn of 2023 continued into 2024, finally reaching completion at around the mid-year mark. Our operational performance suffered in this phase, costing us customers and revenue. Today, though, our operations, management, control and infrastructure in Belgium are now at the level we have successfully applied in the Netherlands for many years. Based on the feedback we received from customers after the summer, we can be confident about 2025.
Through our vigilant focus on cost control in particular, we achieved a solid improvement in our operating result. The free cash flow was once again positive and the group’s financial position developed positively once again. Based on that result and our dividend policy, we propose a dividend for 2024 of €0.40 per share. Having already paid an interim dividend of €0.30 per share in 2024, a final dividend of €0.10 per share remains.
For us, 2025 is all about healthy revenue growth, against the trend, because we want to outperform general market growth in both countries. Operations are firmly in place in both countries and we see plenty of opportunities but, at the end of the day, the financial result is what counts. This is appropriately reflected in our theme for this year: Results count!'
Download the complete press release:
Press conference / Analyst meeting
Comments on the annual figures at a press conference and an analyst meeting on 27 March 2025.
11:00 AM: Press conference
01:30 PM: Analyst meeting
Location: Sligro, Van der Madeweg 39, 1114 AM Amsterdam
Download the presentation:
In our trading update of 17 April 2025, we will go into developments in the first quarter of 2025 in greater detail, and we will publish our interim figures on 17 July 2025.
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