Jeronimo Martins has posted a 5.8% rise in net revenue for the first nine months of the year, boosted by improved sales at the company’s newly opened or revamped stores.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Like-for-like sales increased 3.6%, while sales at stores newly opened or remodelled during the period rose 17%.
Jeronimo Martins, which runs stores in Portugal and Poland, said that currency exchange hit sales by 14.8%, due to the devaluation of the Polish zloty against the euro.
However, EBITDA rose by 12.6%, and the company increased its EBITDA margin by 42 basis points to 7% of sales.
“Following the solid performance posted in the first nine months of the year and despite the current macro-economic environment, the group maintains its positive outlook on the evolution of earnings for the last quarter of the year,” the company said.
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
