Portuguese retailer Jeronimo Martins today (16 January) posted consolidated sales of EUR4.409bn (US$5.71bn) for fiscal 2006, an increase of 15.2% on the previous year’s figures.
Net consolidated sales in the fourth quarter were up by 17.1%, the company reported, rising to EUR1.232bn.
The company said that the increase met management’s expectations and was driven by a particularly strong performance at its Pingo Doce unit, where sales rose 13.4% and 16.6% for the full year and fourth quarter respectively.
Looking to 2007, the company said that it would remain focused on continuous price competitiveness and efficiency improvements to drive margin gains.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData