Belgium squeezes Suriguro’s profits

Disappointing sales, lingering software problems and rising labor costs in Belgium take a toll Suriguroprofits. Nevertheless, Dutch food wholesalers are gaining market share in both the Netherlands and Belgium.

Net profit is under pressure

Suriguro’s net profit in 2023 was just 6 million euros, a significant decrease from 2022’s 39 million euros. Last month, the Dutch chain had already announced a 15.2% rise in sales to 2.9 billion euros, with the growth largely driven by inflation.Effect and get 9 pieces metro Belgian store.

Srigro’s expansion in Belgium has not gone according to plan. The chain had hoped to achieve 70% of Metro’s original sales by the end of last year, but that goal was not met. The company faces ongoing issues implementing its SAP software. Moreover, thanks to the automatic wage slide, his wage in Belgium increased by 11%, while in the Netherlands he increased by 5%.

Synergies and cost savings

CEO Koen Slippens noted that the wholesaler has certainly gained market share in both markets and service levels have improved significantly. With the hospitality industry still struggling, the company is cautious about passing on higher costs to customers.

The decision to no longer have separate boards in the Netherlands and Belgium should bring greater speed and synergies to the organization, as well as reduce costs. 150 positions will be eliminated.