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PRESS RELEASE Sligro Sligro Food Group N.V. SLIGRO FOOD GROUP TRADING UPDATE - FIRST QUARTER OF 2021 In the first quarter of 2021 , Sligro Food Group N.V. generated net sales of € 328 million , a reduction of € 205 million or 38.4 % compared to the € 533 million in net sales posted in the same period in 2020 . The total net sales in the first quarter can be broken down as follows : x € million Netherlands Belgium Total Q1 2021 Q1 2020 298 30 328 481 52 533 Our markets were still greatly affected by the COVID - 19 measures in place in the first quarter of 2021 , with net sales down by 50 % in the first quarter compared to the pre - COVID - 19 situation . However , Sligro Food Group performed slightly better than this figure , with a 43 % reduction in net sales compared to pre - COVID - 19 levels . Although this is a significant drop , which is greater than during the two lockdown periods in 2020 , it does mean Iwe have once again reinforced our relative market position . Our cost - cutting measures , together with the government relief schemes we are taking advantage of , have ensured that our operations remain cash flow- neutral , even if now net sales have decreased further . The strict limit on investments will remain effective , although our ERP programme will continue and we will perform necessary maintenance . The agreements we made with our financiers in 2020 give us sufficient leeway for this year in the event that our markets gradually recover in the second quarter . We do not have any short - term repayment obligations and our liquidity margin buffers are more than adequate . We look forward to the reopening of our markets and are making the necessary preparations , together with customers , suppliers and partners . We have used the COVID - 19 period to complete important processes and improve our market position , and are ready to benefit from the recovery in terms of both net sales and returns . Getting started again will be a hectic period , partly due to the short notice given by the government , but we are prepared for this . We have decided to postpone the start of our ERP roll - out in Belgium until after the summer . Besides the complexity of the program we do not want to complicate matters further for ourselves and our customers during this period of the reopening of our markets . We refrain from making a specific forecast regarding the half - year results , which will be published on 22 July . Veghel , 22 April 2021 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 Sligro Food Group comprises companies which focus specifically on the food service market in the Netherlands and Belgium , and offer a comprehensive range of food and food - related non - food products and services to the wholesale market . Sligro Food Group strives to be a high - quality business for all its stakeholders that constantly grows in a controlled manner . Net sales of € 1,946 million were posted for the year 2020 , with net losses of € 70 million . The average number of employees in 2020 was 4,116 FTEs . Sligro Food Group shares are listed on Euronext Amsterdam . Page 1 of 1