Private bank Theodoor Gilissen's analysis report sees a bright future for Dutch company Sligro Food Group's profit and it particularly expects growth in Belgium.
Shredded Belgian market
Sligro Food Group's Belgian turnover is about 40 million euro nowadays, but the lack of major competitors offers room for growth. "The Belgian food service market is shredded and has no major competitors, while the product range is about the same as in the Netherlands", Theodoor Gilissen said. "This gives Sligro an excellent opportunity to build a strong position in the Belgian market."
The Dutch market should give opportunities for growth because of the improved economic situation, which has improved consumer trust. That has led to increased spending, also in the food branch.
Theodoor Gilissen believes Sligro can also take advantage of its strong financial position to acquire other companies, a move it can easily afford because of its strong cash flow and relatively low debts.