Locked content Jeronimo Martins CIT payment up 12.4% y/y in 2017

Jeronimo Martins Polska, the owner of the Biedronka supermarket chain, will pay PLN 460.14 million in CIT tax for 2017, an increase of 12.4 percent y/y, the company stated. On April 6-7 the chain offered its clients over 2,000 products VAT-free. As many as 55 percent of clients took advantage of the...

Locked content Biedronka with €805 mln EBITDA for 2017

Retailer Biedronka had €805 million EBITDA in 2017, up by 13.8 percent y/y, owner Jeronimo Martins stated. “Within a positive and dynamic consumption environment, Biedronka seized a series of opportunities for sales growth and strengthened its market position. The Company developed its business mode...

Locked content Biedronka with 8.9% LFL sales growth y/y in Q3

Retailer Biedronka recorded an 8.9 percent increase in Q3 sales y/y in like-for-like stores, while overall sales increased by 12.6 percent y/y to reach €2.8 billion (in PLN the increase amounted to 10.5 percent y/y), owner Jeronimo Martins stated. In Q1-Q3 of 2017, LFL sales rose 9 percent y/y, whil...

Locked content Biedronka with 9.2% LfL sales growth in Q2

Retail chain Biedronka, owned by Portuguese Jeronimo Martins, had a 9.2 percent increase in like-for-like sales in Q2 2017, Jeronimo Martins said in a market filing. Sales in PLN increased by 11.8 percent y/y and reached €2.8 billion. “The consumer environment remained positive despite price increas...

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 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 ...