Brief: Sligro Food Group Q3 Sales Down At 547 Million Euros

Sligro Food

22/10/2020 09:58

Oct 22 (Reuters) - SLIGRO FOOD GROUP NV  SLIGR.AS :
    * Q3 SALES EUR 547 MLN VERSUS EUR 605 MLN YEAR AGO
    * COVID-19: MARKETS IN THE NETHERLANDS AND BELGIUM HAVE
SUFFERED
CONSIDERABLY FROM GOVERNMENT MEASURES
    * COVID-19: RECENTLY ANNOUNCED MEASURES IN THE NETHERLANDS
AND
BELGIUM MEAN THAT A NEW SETBACK IN SALES CAN BE EXPECTED IN Q4
    * OUTLOOK: WE WILL BE ABLE TO RECOVER QUICKLY ONCE WORST
EFFECTS
OF COVID-19 HAVE PASSED AND MAY BENEFIT FROM A POSSIBLE FURTHER
CONSOLIDATION IN MARKETS IN BOTH COUNTRIES
    * THIS YEAR WE ARE ACCELERATING THE COMPLETION OF A NUMBER
OF
MAJOR STRATEGIC PROGRAMMES WHICH WILL CONTRIBUTE TO A FASTER AND
BETTER RECOVERY FROM 2021 
    * OUR FINANCIAL POSITION IS STRONG, WE HAVE ADEQUATE
BUFFERS,
BASED ON THE ARRANGEMENTS WE MADE WITH OUR BANK AND FINANCIERS
TO DEAL WITH SECOND COVID-19 WAVE 
    * WE CAN ALSO MEET OUR REPAYMENT OBLIGATIONS FOR Q4
    * WE WILL REFRAIN FROM MAKING ANY DEFINITE FORECAST FOR THE
SALES
FIGURES AND RESULT FOR THE YEAR

 Source text for Eikon: ID:nNDL3tWvXs 
    
 Further company coverage: SLIGR.AS  
   


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