Portugal-based retailer Jeronimo Martins has booked an increase in full-year profits.
In 2012, net profit grew 6% to EUR360.4m (US$471.6m) the company reported today (28 February). EBITDA reached EUR764.6m, a rise of 6% on the prior year.
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Jeronimo Martins said all its business areas reported “very positive relative performances”, despite the “demands” posed by the macroeconomic environment throughout the year.
Net sales were up 10.5% reaching EUR10.9bn. Jeronimo Martins’ Polish business accounted for almost 61.9% of the company’s turnover in 2012, up from 58.8% in 2011. Biedronka sales were up 16.3%; its like-for-like sales increased 6.4%.
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