• Jeronimo Martins H1 net income up 12.5%


  • Net sales rose 6.6%, 21.6% without FX


  • EBITDA margins up 20b.p. to 6.5% of sales

Jeronimo Martins posted a 12.5% jump in net income to EUR73m (US$104m) during the first half of the year, boosted by strong sales gains and improved margins, the Portuguese retailer said today (27 July).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Driven by sales at new and acquired stores, net sales increased to EUR3.38bn, up 6.6% – or 21.6% excluding foreign exchange.


Jeronimo Martins enjoyed a “significant increase” in EBITDA margin to 6.5% of sales, driven by scale synergies and cost efficiency and despite the fact that a good proportion of stores are not fully mature.


EBITDA rose to EUR219.6m, up 10.2% from EUR199.4m.


Looking to the full year, Jeronimo Martins said that it maintains a “prudent” but “positive” earnings outlook.

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.

Click here for the full press release, or check back later for just-food’s insight into Jeronimo Martins’ first-half numbers.