Flat H1 Sales Growth, Earnings Decline

Sligro Food

18/07/2019 06:37

July 18 (Reuters) - Sligro Food Group Nv  SLIGR.AS :
    * SALES IN THE FIRST HALF OF 2019 WERE €1,135 MILLION, UP 0.4%
    * H1 NET PROFIT EUR 13 MILLION VERSUS EUR 25 MILLION YEAR AGO
    * HAS BEEN DECIDED TO PAY AN INTERIM DIVIDEND
    * H1 EBITDA EUR 56 MILLION VERSUS EUR 62 MILLION YEAR AGO
    * INTERIM DIVIDEND IS €0.55 PER SHARE
    * WE EXPECT TO BE ABLE TO COMPLETE FIRST INTEGRATION OF HEINEKEN PREMISES IN  NETHERLANDS
AFTER
SUMMER
    * ON DEAL WITH HEINEKEN: WE CAN THEN FINALISE ALL INTEGRATIONS BY THE END OF 2020 ON
SCHEDULE
    * IN AMSTERDAM, WE WILL ALSO COMPLETE THE INTEGRATION OF WHEERE IN 2020 FOLLOWING THE
HEINEKEN
INTEGRATION
    * WE EXPECT TO ACHIEVE OUR SAP IMPLEMENTATION IN BELGIUM ON TIME AND ON BUDGET IN 2020
    * WE ARE ASSUMING RELATIVELY FLAT MARKET, WITH INFLATION OF BETWEEN 1.5% AND 2.0% AND
THEREFORE
VOLUME DECREASE IN 2019

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

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