Biedronka expands despite tough market
 
                             
                            Biedronka’s owner, the Jeronimo Martins Group, reports that Poland’s grocery sector remains highly competitive, with consumers staying cautious and inflationary pressures squeezing margins. “We operate in an environment of low basket inflation but still high cost inflation, which intensifies competition,” said CFO Ana Luisa Virginia. She stressed the need for Biedronka to maintain its price leadership as the chain continues to grow its market share—up 0.2 percentage points by August, according to GfK data.
In Q3, Biedronka’s revenue rose 8% year-on-year to €6.4 billion, bringing year-to-date sales to €18.75 billion (+7.4% YoY). EBITDA reached €1.48 billion, with a 7.9% margin. The chain has opened 111 new stores and renovated 110, targeting up to 150 openings and 200 refurbishments this year. Group EBITDA grew 10.9% to €1.81 billion, with net profit up 10% to €484 million.
Source: biznes.pap.pl