Sligro Food Group rises as revenues recover
21/04/2022 09:02
** Shares in Sligro Food Group SLIFR.AS rise around 3%
after the Netherlands-based company reported a 42.7%
year-on-year Q1 revenue rise
** The group posts Q1 revenue of 468 million euros ($511.62
million) urn:newsml:reuters.com:*:nFWN2WI1QT
** "While we were still in lockdown for most of January, the
week-over-week recovery that started in February culminated in
revenue levels in virtually all customer segments", the group
says
** "Resurrection prior to Easter," ING says as the results
exceed its and consensus' expectations
** "A positive surprise was the 'attractive growth' (not
quantified) of the Cash & Carry operations," ING says, expecting
upwards revisions to consensus
** KBC says it expects revenue to return close to 2019
levels from Q2 onwards and surpass 2019 levels by Q3
** Sligro adds it expects its sales markets to continue
their recovery over the coming quarters
($1 = 0.9147 euros)
(Reporting by Diana Mandiá)
((diana.mandiaalvarez@thomsonreuters.com))