Top Takeaways:
- Group turnover fell 8.2% in Q3 to €664 million.
- Dutch tobacco sales ban weighed heavily on results.
- Underlying sales rose 2.5% excluding tobacco impact.
Sligro Food Group experienced an 8.2% decline in third-quarter sales as the loss of tobacco sales in the Netherlands continued to negatively impact results. The company reported revenue of €664 million, compared to the same period last year, citing the end of tobacco sales starting July 1, 2024, as the main reason.
Excluding the impact of tobacco, Sligro’s core business showed modest growth of 2.5%, mainly driven by price inflation in the Netherlands. The wholesaler stated that foodservice sales remain stable and that early signs of operational improvements are appearing.
The company’s Belgian operations also experienced stagnating growth during the quarter, with the group citing weaker consumer sentiment and increased competitive pressures, according to media reports.
Sligro stated it remains focused on cost-saving and recovery efforts after losing its high-volume tobacco segment, which was once a major contributor to sales. Despite this decline, the company reaffirmed its outlook for steady improvement in its core markets as it moves into 2026.
