Sligro Food Group (SLIGR) Q1 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 TU earnings summary
9 Jun, 2025Executive summary
Q1 2025 revenue was €574 million, down €78 million from Q1 2024, mainly due to Easter timing, leap day, and cessation of tobacco sales in the Netherlands.
Adjusted for these factors, underlying revenue showed a slight increase, with early signs of recovery in the Netherlands.
Belgium's revenue declined by about 10% year-over-year, impacted by integration disruptions and slow customer acquisition.
The company expresses confidence for Q2 2025, especially with the start of the outdoor season and Easter moving to Q2.
Financial highlights
Q1 2025 revenue: €574 million (Q1 2024: €652 million).
Netherlands revenue: €488 million (Q1 2024: €554 million); Belgium revenue: €86 million (Q1 2024: €98 million).
2024 full-year revenue: €2,890 million; net profit: €24 million.
Outlook and guidance
Positive outlook for Q2 2025, with expectations of revenue recovery as Easter shifts to the second quarter.
No concrete half-year predictions; half-year results to be published on 17 July.
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