Portugal-based retailer Jeronimo Martins saw sales rise almost 19% in 2010, boosted by its fast-growing Polish retail chain Biedronka.

Jeronimo Martins today (12 January) reported annual sales of EUR8.69bn (US$11.27bn) for 2010, up 18.7% on 2009. Fourth-quarter sales were up 17.8% at EUR2.36bn

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

During 2010, Biedronka business generated sales of EUR4.81bn, up 29.1%, partly boosted by currency conversion. In Polish zlotys, sales from Biedronka rose 19.5%. The chain’s like-for-like sales rose 11.6%. Jeronimo Martins called Biedronka’s performance “remarkable”.

In Portugal, the retailer’s Pingo Doce banner posted a 7.2% rise in like-for-like sales. Like-for-likes from its supermarkets rose 8.4%. Jeromino Martins’ cash-and-carry chain Recheio posted a 3.2% increase in like-for-like sales.

Shares in Jeronimo Martins were up 3.4% at EUR11.79 at 13:49 CET today.

Click here for the full sales statement from Jeronimo Martins.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.