Supermarket operator Sligro has announced that it enjoyed a strong first half of 2011 with strong profit and sales growth, and revealed that it is anticipating a stable trading environment through the rest of the year.
The Dutch retailer saw net profit increase by 20.3 per cent to some €34m, with revenue up by 6.2 per cent to €1.2bn, increasing market share in both foodservice and food retail in the process.
'Although consumers are still cautious about their spending, Sligro Food Group saw sales in both segments organically grow faster than the market,' said CEO Koen Slippens. 'Both segments improved their performance despite rising purchase prices and fierce price competition.'
Slippens noted that Sligro is expecting solid growth through the second half of 2011, overcoming fierce price competition in the country.
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