Sligro sees slow recovery for the rest of the year
19/07/2018 07:20
July 19 (Reuters) - Dutch food distributor Sligro SLIGR.AS
said on Thursday it expects annual market growth of between 2.5
pct and 3.5 pct, after reporting a near 4 percent drop in
first-half net income.
The company sees "net growth in our sales markets, even
though it doesn't appear to be as strong we had originally
expected", said CEO Koen Slippens in a comment.
Sligro, whose sales grew 11 pct to 1.13 billion euros in the
first half, expects to achieve a full-year operating profit of
approximately 55 million euros from continued operations and a
net profit for the group of approximately 270 million euros.
It recorded net income of 25 million euros in the first
half, against 26 million a year before.
(Reporting by Camille Raynaud; Editing by Jan Harvey)
((Camille.Raynaud@thomsonreuters.com;))