Brief: Sligro Food Group FY EBITDA At 75 Million euros, No Dividend For 2020

Sligro Food

28/01/2021 06:59

Jan 28 (Reuters) - Sligro Food Group NV  SLIGR.AS :
    * FY EBITDA EUR 75 MILLION  VERSUS EUR 61 MILLION IN
COMPANY-PROVIDED CONSENSUS
    * FY NET LOSS EUR 70 MILLION VERSUS LOSS EUR 79 MILLION IN
COMPANY-PROVIDED CONSENSUS
    * WE GENERATED A NET PROFIT OF €2 MILLION IN THE SECOND HALF
OF
THE YEAR
    * THE LOCKDOWN IN THE NETHERLANDS AND BELGIUM WILL CONTINUE
AT THE
START OF THE YEAR AND ITS IMPACT ON OUR SALES MARKETS WILL BE
SIMILAR TO THAT IN 2020
    * THERE ARE INSUFFICIENT GROUNDS TO PAY A DIVIDEND FOR THE
2020
CALENDAR YEAR
    * WE EXPECT COST-INDUCED INFLATION TO BE LIMITED IN 2021
    * WE EXPECT TO INCREASINGLY BE ABLE TO REAP THE BENEFITS IN
2021
OF PROCESSES COMPLETED IN 2020
    * THE RECOVERY OF NET SALES IS PIVOTAL FOR GROWTH IN RESULTS
IN
2021 AND GIVEN THE UNCERTAINTY ABOUT THE EXACT TIMING OF THE
RECOVERY, WE WILL REFRAIN FROM MAKING CONCRETE PREDICTIONS ABOUT
THE RESULT
    * EXPECTS TO APPROACH OUR PRE-COVID-19 NET SALES LEVELS
DURING THE
SECOND HALF OF THE YEAR- CEO
    * END-FY FREE CASH FLOW OF €67 MILLION
    * ESTIMATES GROUP’S LOSS OF NET SALES TO BE €0.5 BILLION AS
A
CONSEQUENCE OF COVID-19

Source text: https://bit.ly/39plscH
Further company coverage:  SLIGR.AS 

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