Sligro Food Group rises on 'good sales figures'

Sligro Food

04/01/2023 08:30

** Shares in Sligro Food Group  SLIGR.AS  rise around 2.5%
after the Dutch company reported a 30.8% YoY revenue increase in
2022 to 2.48 billion euros ($2.63 billion)
    ** According to KBC, apart from the post-COVID recovery,
these "good sales figures" were driven by a 9.7% price component
in 2022
    ** ING adds Q4 revenues were 7.3% above market expectations
- "a good performance, showing that Sligro managed to increase
sales vs. the pre-COVID level... also driven by substantial
inflation"
    ** KBC says the full set of FY results, which are due in
February, will be the "real catalyst" as Sligro is expected to
give details on the integration of the Metro activities, while
ING expects this to be the main share price driver this year
($1 = 0.9423 euros)
 (Reporting by Augustin Turpin)
 ((augustin.turpin@thomsonreuters.com))