Sligro Food Group NV (FRA:8SF)
€ 12.22 -0.14 (-1.13%) Market Cap: 542.61 Mil Enterprise Value: 1.02 Bil PE Ratio: 135.05 PB Ratio: 1.21 GF Score: 63/100

Half Year 2019 Sligro Food Group NV Earnings Call Transcript

Jul 18, 2019 / 01:30PM GMT
Release Date Price: €30.15 (-6.94%)
Operator

Ladies and gentlemen, thank you for holding, and welcome to the Sligro Food Group conference call. (Operator Instructions)

I would like to hand over the conference to Mr. van der Sluijs. Go ahead, please, sir.

R. W. A. J. van der Sluijs
Sligro Food Group N.V. - CFO & Member of Executive Board

Thank you. Welcome, everyone, on the call on our half year results of 2019. As mentioned by the operator, I will start with a short introduction presentation and then there will be an opportunity for questions and answers. For my introduction, I will use the presentation, which you can find on the company website on the half year figures.

So I will just start. And of course, first, on the net sales. I'm looking at Sheet #2 of the presentation. And -- well, what we see in the markets in which we operate both in the Netherlands and Belgium that there is a clear slowdown in the market as compared to last year. In the first half of last year, we still saw a market growth of 3.5%. This year, the market has come down to growth of only 0.2% in the

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