Biedronka with €850 mln EBITDA for 2018

Retailer Biedronka had €850 million EBITDA in 2018, up by 5.6 percent y/y, owner Jeronimo Martins stated. “We expect the continuation of a good economic performance during 2019. Biedronka is well prepared to continue adapting to the progressive implementation of the Sunday ban regulation. The 2019 LFL will nonetheless reflect the effect of 13 fewer trading days and of subdued basket inflation.,” the company said in its financial results.

LFL sales were up by 2.7 percent, driving a…