Locked content Biedronka with 8.4% LfL sales growth in Q1 2017

Retail chain Biedronka, owned by Portuguese Jeronimo Martins, had a 8.4 increase in like-for-like sales in Q1 2017, Jeronimo Martins said in a market filing. Sales in PLN increased by 9.7 percent y/y and reached €2.53 billion. “Consumer environment remained favorable, benefiting from family subsidie...

Locked content Biedronka with €10 billion sales in 2016

Portuguese Jeronimo Martins, operator of grocery chain Biedronka released preliminary financial results of its Polish operations. Biedronka’s EBITDA stood at €707 million (10.3 percent increase year-on-year), while like-for-like sales rose 9.5 percent. Total sales increased by 6.3 percent year...

Locked content Biedronka continues to appeal to budget shoppers

Biedronka increased its sales in 2016, according to Jeronimo Martins, the owner of the retail chain. Consolidated sales were up PLN 44.2 billion, an increase of 6.3 percent, y/y. Q4 sales also increased – at PLN 11 billion they were up 10.5 percent, y/y. Sales of Biedronka in 2016 constituted 66.9 p...

Arcona to acquire Polish retail portfolio

Arcona Property Fund, an investment fund focused on commercial real estate in Central Europe, is to acquire a portfolio of a total of 11 neighborhood shopping centers in ten regional cities in Poland from RECE for EUR25.9 million. The fund expects to finalize the acquisition of the first eight asset...

Locked content Biedronka to open 100 more stores in Poland

Discount retailer Biedronka is planning to open 100 more stores in Poland, Jeronimo Martins, Biedronka’s Portuguese owner, announced. Biedronka opened 50, redeveloped 145, and closed 17 stores in the first nine months of 2016. The chain consisted of 2,700 stores as of the end of September. Bie...

Locked content Biedronka sales grow 8.5% LFL in Q3

Sales in the Biedronka chain increased by 8.5 percent y/y in comparable stores (like-for-like, LFL) in Q3 of 2016, while total sales (in PLN) increased 10.2 perent y/y, Jeronimo Martins the owner of the chain announced. “In the first nine months, Biedronka sales grew by 9.9 percent (in local currenc...

Locked content Biedronka to bid for Romanian chain

Polish discount store chain Biedronka, owned by Portuguese Jeronimo Martins, is interested in buying Romanian retail chain Profi, Romania Insider informed. Polish fund managers Enterprise Investors have appointed Citi Corporate to handle the sale and the American company is waiting until the end of ...

Locked content Jeronimo Martins opened its first factory in Poland

Jeronimo Martins, Portuguese owner of the Biedronka discount food chain, has opened its first factory in Poland. The investment cost was PLN 30 million, and will provide workplace for 40 employees in Parzniewo, located near Warsaw. The new factory will produce ready-made soups under the “Zupy ...

Locked content Biedronka sales up by 9.8% in Q2

Discount store chain Biedronka, owned by Portuguese Jeronimo Martins, recorded a 9.8 percent increase in sales in Q2 2016, whereas like-for-like (LFL) sales grew by 8.8 percent on a yearly basis. Biedronka’s EBITDA inched up by 12 percent y/y in złoty terms and by 4.8 percent in euro terms. Bi...

Locked content Biedronka revenue up by 9.3% in Q1

Discount store chain Biedronka, owned by Portuguese Jeronimo Martins, recorded a 9.3 percent increase in sales up to €2.28 billion in Q1 2016, whereas like-for-like (LFL) sales grew by 7.6 percent on a yearly basis. Biedronka’s EBITDA totaled €151 million, an increase of 10.4 percent. Biedronk...