Sligro climbs on Q3 beat, strong Dutch performance
17/10/2024 09:31
** Dutch food services group Sligro SLIGR.AS rises more
than 5% on the back of quarterly revenue beat driven by solid
performance in the Netherlands and higher tobacco sales
** Q3 revenue reached 730 million euros ($792.20 million),
exceeding the 717 million euros forecast in company-compiled
consensus
** ING notes a familiar pattern, with strong results in the
Netherlands but weaker performance in Belgium
** Underlying trends in the Netherlands were slightly better
than expected, while comments on Belgium bode well for a
recovery as from now, Degroof Petercam says
** Degroof and ING (both "hold") do not expect material
changes to Sligro's FY EBITDA consensus estimates of 142 million
euros, as the firm maintained its guidance
** Despite today's rise the stock has shed 22% YTD
($1 = 0.9215 euros)
(Reporting by Dagmarah Mackos)
((dagmarah.mackos@tr.com))