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   >> Home >> Press releases / News >> Archive 2005
 
SLIGRO FOOD GROUP’S TURNOVER € 1,447 MILLION IN 2004

Sligro Food Group's turnover € 1,447 million in 2004

Turnover of Sligro Food Group N.V. for the year 2004 was € 1,447 million, an increase of 6.7% compared with turnover of €1,356 million in 2003.

Total turnover can be broken down as follows: (€ millions)

 

2004

2003

% increase

Foodservice

981

878

11.7

Foodretail

466

478

(2.5)

Totaal

1,447

1,356

6.7

The financial year 2004 had 53 calendar weeks compared with 52 weeks in 2003. Excluding the effect of the 53rd week and acquisitions, organic turnover growth was 0.1% in 2004 compared with 2003. Up to the end of the third quarter, the numbers were still showing an organic fall of 1%.

For the full year, food service posted an organic growth in turnover of 3% and food retail an organic decline of 5%.

Organic growth in turnover was stronger in the fourth quarter than we had expected when we published our 'trading update' on 14 October 2004, mainly in our food service activities.

Acquisitions contributed € 68 million to turnover in 2004, € 61 million of which related to VEN Groothandelcentrum.

Sligro Food Group will publish its complete full-year results before the start of trading on 27 January 2005.

Veghel, 4 January 2005

On behalf of the Executive Board of Sligro Food Group N.V.
A.J.L. Slippens
H.L. van Rozendaal
Tel. +31 413 34 35 00
www.sligrofoodgroup.com


 
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