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, while overall sales figure stood at €8.103 billion (a 13.1 percent growth in euro and 10.7 percent in PLN). EBITDA for the first three quarters amounted to €583 million (13.9 percent growth y/y). Between January and September Biedronka launched 46 new stores reaching a total of 2,753 stores. In Q4 the chain will grow by another 70 stores.