Strategic partnership agreement

Sligro Food Group N.V. en HEINEKEN Nederland B.V. announce that following a previous letter of intent and approval by the Netherlands Authority for Consumers & Markets (ACM), final agreement has been reached concerning the strategic partnership announced on 9 May 2017 for beer and cider logistics in the Netherlands and sale of other parts of the HEINEKEN beverages wholesaler to Sligro Food Group.

Sligro Heineken

Koen Slippens, CEO Sligro Food Group:
“We’re proud that both market leaders are entering into this special partnership. There will now be an intensive start-up phase, followed by an integration period that will take three to
four years. To make combined beverage and drink deliveries a reality, over the next few years we will be investing around €80 to €100 million in an integrated state-of-the-art distribution
network. We expect to be able to achieve full synergy.”

Pascal Gilet, General Manager HEINEKEN Netherlands:
“This partnership means that both parties can join forces with the aim of providing our customers with even better service. 2018 will primarily be a transition year in which we will gradually see the benefits for our joint customers, whilst maintaining quality and maximum service levels. At HEINEKEN Netherlands, we are looking forward to concentrating fully on our core competencies: brewing, packaging, selling and building fantastic beer and cider brands.”

Read the press release below.

Download Agreement Sligro-Heineken
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Trading update third quarter 2017

Sligro Food Group N.V.'s sales for the first three quarters (39 weeks) of 2017 were €2,166 million, an increase of 4.8% (Q3: 2.6%) compared with the figure of €2,067 million in
2016. Excluding the effect of acquisitions, sales were up by 2.1% (Q3: 0.2%).

Foodservice sales were up by 6.9% (Q3: 4.2%). Excluding the effect of acquisitions, sales showed a 3.1% increase (Q3: 0.4%). Food Retail sales were down 0.2% (Q3: down 1.6%). Like-for-like consumer sales at EMTÉ supermarkets were down by 0.4% (Q3: down 0.6%).

Approval ACM in Sligro-Heineken deal

Veghel, 13 September 2017 - The Netherlands Authority for Consumers & Markes (ACM) has approved Sligro's acquisition of Heineken's wholesale operations.

Download the press release below.

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Rudi Petit-Jean Director Sligro-ISPC Belgium

As of October 15, Rudi Petit-Jean will take office as director of Sligro-ISPC in Belgium. He will be responsible for the integration of ISPC, which was acquired earlier this year, and the expansion of the Sligro-ISPC branch network.

Rudi Petit-Jean, as Gamma's formula director in Belgium, has grown the chain from 34 to 86 stores over the past 20 years. This experience fits in perfectly with Sligro Food Group Belgium's plans.

As director of Sligro-ISPC, Rudi Petit-Jean will be part of the management team of Sligro Food Group Belgium and will therefore be partly responsible for Sligro Food Group Belgium's ambitious growth objectives. In this role,

Rudi Petit-Jean will take over the responsibilities from Ivan Sabbe, who remained as director after the acquisition of ISPC as agreed. We are very grateful to Ivan Sabbe for the way he has done this.

Presentation half-year figures 2017

On Thursday, July 20, Sligro Food Group presents the half-year figures 2017 in Sligro Amsterdam. Watch the presentation below in PDF.

Download Presentation Half-year figures 2017
(3,4 MB)

Half-year figures 2017: net profit €28 million

Sales in the first half of 2017 were €1,435 million, an increase of 5.9% on the corresponding period in 2016. On a like-for-like basis, sales growth was 3.3%. Operating profit rose €1 million to €35 million. Net profit for the first six months was €28 million, the same as last year.

Koen Slippens, CEO: "As expected, improvements in employment levels and consumer confidence have translated into growing markets for both foodservice and foodretail and this contributed to higher sales in both our business units in the course of the half-year.

At Foodservice, we concluded the acquisition of ISPC during the first half of the year and that of Tintelingen in early July. There was also dynamic progress on the strategic partnership with Heineken. The result at Foodservice for the first six months improved despite the non-recurring costs involved with these types of project. We are pleased with this positive development.

At Food Retail, the first six months of the year were marked by the further rollout and optimisation of our 3.0 format and the evaluation of developments in this business unit. That evaluation showed that we can achieve the objectives of the EMTÉ 3.0 business case but that we will need more time for this. Nevertheless, we expect that, even after returning to good health in due course, the EMTÉ 3.0 format wil have difficulty in keeping up with changes in the market in the future as a result of insufficient scale. Consequently, we will use the second half of the year to examine what alternative strategy will create the greatest value for our retail activities."

For more informatian, download the press release.

Download Half-year figures 2017
(122,5 kB)

Meetings July 20, 2017
11.00 am: Press conference
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).

Press conference Half-year figures 2017

On July 20st Sligro Food Group published its Half-year figures. This figures will be discussed at our press conference and in a meeting with analysts. Below are the details and how you can sign up to attend the meeting.

Meetings July 20, 2017
11.00 hours CET: Press conference
13.30 hours CET: 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).

Download Presentation Half-year figures 2017
(3,4 MB)

Please sent an e-mail to Mieke van der Valk, mvdvalk@sligro.nl if you want to participate or be present at one of the meetings above.

Takeover Tintelingen concluded

Veghel, 10 July 2017 - The transaction concerning the takeover of Tintelingen by Sligro Food Group announced on 22 December 2016 was concluded on 7 July 2017. Read the press release below.

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Press release about EMTÉ

Veghel, 6 juli 2017 - Sligro Food Group has taken note of reports in the market concerning potentional interest in EMTÉ. Sligro Food Group receives reports that parties are interested in acquiring EMTÉ, or collaborating with EMTÉ to a greater or lesser degree, on a fairly regular basis.

Download and read the press release below:

Download Press release
(171 kB)

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

Sligro Food Group and HEINEKEN Netherlands move towards strategic partnership

Sligro Food Group N.V. and HEINEKEN Nederland B.V. have announced that they expect to reach agreement about a strategic partnership for beer and cider logistics in The Netherlands and the sale of other parts of the Heineken beverages wholesaler to Sligro Food Group.

As a result of the planned partnership, Sligro will carry out HEINEKEN’s logistics operations for the Dutch hospitality sector. This means that Sligro will process, store and deliver beer and cider orders placed by the hospitality sector for HEINEKEN, creating a one-stop shop for all beverages, food and non-food orders for hospitality sector customers. Not included in the partnership is the delivery of tank beer, which HEINEKEN will continue to do. This proposed partnership will make HEINEKEN Sligro’s number one partner for beer and cider.

In addition, as part of this proposed partnership, HEINEKEN will sell the wholesale operations of the other food and non-food range, including soft drinks, waters, spirits, wines, tea and coffee to Sligro. This transaction will boost Sligro’s wholesale sales by approximately €150 million. Sligro’s cash-and-carry sales and the retail sales of both partners are not included. The proposed partnership is intended to be long-term, initially for a period of 15 years. Parties aim to complete the transaction in the autumn.