Sligro: set for worst day in 6 years after weak H1 results

Sligro Food

18/07/2019 08:59

** Shares in Dutch food distributor Sligro  SLIGR.AS  fall
5.1% and head for their worst day in more than six years after
the company reports a 36% drop in first-half profit
    ** "Sligro is not reducing organisation costs as quickly as
expected while being impacted by cost inflation in some areas
which is affecting the group’s profitability," KBC Securities
says in a note
    ** ING says the market has to review FY19 expectations
downwards
    ** The stock is the second-worst performer on AEX All Share
Index  .AAX 

 ((RM: clement.martinot.thomsonreuters.com@reuters.net))