Press release

Revenue of €2,483 million in 2022

Revenue for Sligro Food Group N.V. for 2022 came in at €2,483 million, an increase of 30.8% compared to the €1,898 million in revenue in 2021. In the fourth quarter of 2022, revenue was up 26.8% on the previous year.

Total revenue breaks down by segment as follows:

Q4

Cumulative

x € million

2022

2021

2022

2021

Netherlands

626

501

2,238

1,730

Belgium

76

53

245

168

Group

702

554

2,483

1,898

In the Netherlands, revenue growth was 29.3% (Q4: increase of 24.9%). In Belgium, the revenue increase amounted

to 46.3% (Q4: increase of 45.3%). For both countries, the change in revenue was entirely organic.

Revenue from tobacco products further decreased this year and amounted to 7.9% of total revenue compared to 11.1% in 2021.

Compared to the revenue level before COVID, revenue for the group as a whole was up 1% this year (Q4:+7%).

Inflation was substantial in 2022. We compensate for that where possible and pass the remainder on in our prices, which are up by around 9.7% cumulatively as a result.

On 3 January 2023, the acquisition of Metro's operations in Belgium, announced in December, became effective. A further note on this will be made when the annual figures are published.

Sligro Food Group will publish its full annual results and annual report for 2022 prior to the opening of the stock exchange on 2 February 2023.

Veghel, 4 January 2023

On behalf of Sligro Food Group N.V.

Koen Slippens, CEO

Rob van der Sluijs, CFO

Tel. +31 413 34 35 00

www.sligrofoodgroup.nl

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Sligro Food Group NV published this content on 03 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2024 13:59:49 UTC.