Brief: Sligro FY Net Profit Up At 39 Million Euros

Sligro Food

02/02/2023 06:45

Feb 2 (Reuters) - Sligro Food Group NV  SLIGR.AS :
    * NET PROFIT FOR THE FINANCIAL YEAR WAS €39 MILLION, UP €19
MILLION (94%) COMPARED TO THE PREVIOUS YEAR
    * ANNUAL REVENUE FOR 2022 AMOUNTED TO €2,483 MILLION, AN
INCREASE
OF 30.8% Y/Y
    * FY EBITA EUR 67 MLN VERSUS EUR 49 MLN YEAR AGO
    * COSTS, INCLUDING DEPRECIATION AND AMORTISATION, ROSE TO
25.7% OF
REVENUE, AN INCREASE OF 0.4% RELATIVE TO THE PREVIOUS YEAR
    * TO SOME EXTENT PRICE INCREASES WERE OFFSET BY EFFICIENCY
IMPROVEMENTS OR PASSED ON IN OUR SELLING PRICES TO OUR CUSTOMERS
    * FY EARNINGS PER SHARE AMOUNT TO A PROFIT OF €0.88 PER
SHARE
    * OUTLOOK: FOLLOWING NINE METRO OUTLETS' ACQUISITION, GROUP
BELIEVES IT WILL RETURN TO OPERATING PROFIT FROM 2024
    * OUTLOOK: FOLLOWING NINE METRO OUTLETS' ACQUISITION, GROUP
EXPECTS THESE ACTIVITIES TO GENERATE OPERATING LOSS (EBITDA) OF
APPROXIMATELY €20 MLN IN 2023
    * OUTLOOK: PROPERLY MANAGING INFLATION IN PRICING DECISIONS,
CONTROLLING COSTS, ARE KEY THEMES ON AGENDA FOR 2023

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