Sligro Food Group N.V. Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2016
January 25, 2017
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Sligro Food Group N.V. reports unaudited consolidated earnings results for the year ended December 31, 2016. For the year, net sales were €2,813 million against €2,670 million a year ago. Operating profit was €87 million against €103 million a year ago. Profit before tax was €91 million against €105 million a year ago. Profit for the year attributable to shareholders of the company was €73 million against €81 million a year ago. Basic and diluted earnings per share were €1.67 against €1.84 a year ago. Net cash flow from operating activities was €153 million against €140 million a year ago. Capital expenditure on property, plant and equipment/investment property/assets held for sale was €74 million against €51 million a year ago. Capital expenditure on intangible assets was €12 million against €11 million a year ago. EBITDA was €156 million against €160 million a year ago. EBITA was €112 million against €122 million a year ago. EBIT was €87 million against €103 million a year ago. Net interest-bearing debt was €60 million against €26 million a year ago.
Sligro Food Group N.V. specializes in food distribution. Net sales break down by activity as follows:
- delivery of food products (64.3%): to restaurants, caterers, companies, stores, hospitals, retirement homes, schools, etc.;
- wholesale distribution (35.7%): activity ensured through 63 cash & carry stores located in the Netherlands (51) and Belgium (12). In addition, the group is developing a non-food products distribution business for catering professionals (kitchen equipment and utensils, culinary accessories, household products, cookbooks, etc.).
Net sales are distributed geographically as follows: the Netherlands (85%) and Belgium (15%).
SLIGRO FOOD GROUP N.V. 
