Sligro: vigorous profit growth of 36%

Sligro Beheer N.V. saw its net profit after tax and amortisation of goodwill increase by 35.6% to € 13.0 million in the first half of 2002. Turnover rose by 8.4% to € 602.2 million. Organic growth in turnover amounted to 5%.

All the core group activities – Sligro, Van Hoeckel Grootverbruik, Prisma Food Retail and EM-TÉ – made a positive contribution to the improvements in turnover and profit. The consolidation includes eight weeks´ figures for the recently acquired EM-TÉ supermarkets. Turnover and net profit at EM-TÉ are above expectations.

Gross margin rose from 15.1% to 16.2% of turnover. As well as the consolidation of EM-TÉ, this resulted from good margin management and the stronger position of Superunie, the purchasing co-operative, which includes Sligro´s retail purchasing activities.

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(source: Sligro)

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