Sligro Food Group (SLIGR) Q1 2026 TU earnings summary

Executive summary

• Revenue for Q1 2026 reached €578 million, a €4 million increase year-over-year, reflecting modest growth in a slow-starting market.

• Winter weather led to a significant volume decline in January, partially offset by favorable spring conditions in March.

• No specific forecasts for H1 2026 were provided; half-year results will be published in July.

Financial highlights

• Netherlands revenue grew 0.8% year-over-year, outperforming the market.

• Belgium revenue remained flat compared to Q1 2025.

• Modest inflation just below 1% was observed in both markets.

• Acquisition of GEPU in mid-2025 contributed €3 million to revenue.

Outlook and guidance

• Rising energy costs due to geopolitical unrest are expected to add €0.5–1.0 million in monthly costs, with partial pass-through to customers.

• Supplier price increases are anticipated to accelerate inflation.