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-on-year and amounted to €9.8 billion. The whole group's sales at €14.6 billion, representing a 6.5 percent increase y/y. At the end-2016, Biedronka had 2,772 stores across Poland and plans to open over a hundred new locations. Jeronimo Martin's other Polish chain, chemists Hebe had €122 million in sales last year, while its losses stood at €15 million.