Brief: Sligro Food Group Sees EBITDA Decline Due To Covid-19 Crisis

Sligro Food

19/03/2020 17:40

March 19 (Reuters) - SLIGRO FOOD GROUP NV  SLIGR.AS :
    * ON CORONAVIRUS : ON BALANCE, BASED ON CURRENT CONDITIONS,
WE
HAVE LOST ABOUT 70% TO 75% OF OUR DELIVERY SALES
    * IN THE CASH-AND-CARRY SECTOR, WE ARE CURRENTLY WITNESSING
AN
INCREASE IN SALES
    * TO COMBAT EFFECT OF LOWER SALES, WE IMPLEMENTED LARGE
PACKAGE OF
MEASURES TO OFFSET DECLINE IN REVENUE BY REDUCING COST AS FAR AS
POSSIBLE
    * UNDER CURRENT CIRCUMSTANCES, WE EXPECT OUR EBITDA TO
DECLINE BUT
TO END UP BETWEEN BREAK-EVEN AND SLIGTLY POSITIVE
    * OUR SAP ROLL-OUT IN BELGIUM AND THE INTEGRATION OF
HEINEKEN AND
DE KWEKER IN THE NETHERLANDS ARE GOING AHEAD AS FAR AS POSSIBLE
    * ALL OTHER INVESTMENTS HAVE BEEN POSTPONED UNTIL FURTHER
NOTICE

Source text : https://bit.ly/2U0PuM6
Further company coverage:  SLIGR.AS 

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