Brief: Sligro Food Group FY EBITDA Above Consensus At 109 Mln Euros

Sligro Food

03/02/2022 06:33

Feb 3 (Reuters) - Sligro Food Group NV  SLIGR.AS :
    * ANNUAL REVENUE FOR 2021 AMOUNTED TO €1,898 MILLION, A
DECREASE
OF 2.5% COMPARED TO THE €1,946 MILLION IN REVENUE THAT WE
ACHIEVED IN 2020
    * NET PROFIT FOR THE FINANCIAL YEAR 2021 WAS €20 MILLION, UP
€90
MILLION COMPARED TO THE PREVIOUS YEAR
    * FY EBITDA EUR 109 MILLION VERSUS EUR 94 MILLION IN
COMPANY-COMPILED POLL
    * MEASURES TO CUT COSTS AND CONSTRAINTS IN OUR INVESTMENT 
AGENDA
ENSURE THAT WE CAN MAINTAIN PROFITABILITY AT A LOWER  LEVEL OF
REVENUE, AND FURTHER REDUCE OUR DEBT POSITION
    * END-FY FREE CASH FLOW EUR 15 MILLION VERSUS EUR 60 MILLION
IN
COMPANY-COMPILED POLL
    * FIRST FEW MONTHS OF 2022 TO BE DOMINATED BY REOPENING OF
OUR
SALES MARKETS
    * WE EXPECT COST-INDUCED INFLATION TO BE SIGNIFICANT IN 2022
    * FOR THE LONGER TERM, WE REMAIN ENTIRELY POSITIVE  ABOUT
HOW OUR
MARKETS WILL DEVELOP AND OUR POSITION WITHIN THEM
    * FY COMPANY POLL: REVENUE EUR 1.90 BILLION; EBITDA EUR 94
MILLION; NET PROFIT EUR 9 MILLION
    * FY COMPANY POLL: FCF EUR 60 MILLION; NET DEBT EUR 326
    * DUE TO ASSOCIATED CONDITIONS,  WE ARE UNABLE TO PAY
DIVIDEND FOR
2021

Source text : https://bit.ly/3GpvWpR
Further company coverage:  SLIGR.AS 

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