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. Biedronka opened 40 stores in Q2 2016, and currently comprises 2,709 units. As many as 14 stores were closed.