Biedronka’s total sales in PLN increased by 10.4% y/y in 2Q 2021
12:23
Biedronka’s total sales in PLN terms increased by 10.4% y/y in Q2, and in EUR terms - by 9.8% y/y to EUR 3,594m, the chain’s owner Jeronimo Martins has announced. “Biedronka increased sales dynamics throughout the period, reaching 7.7% LFL in H1. The reopening of the country and positive consumer demand increased the effectiveness of the brand’s commercial campaigns and allowed our core company to protect its EBITDA margin,” reads the release.
EBITDA of the Biedronka chain in H1 amounted to EUR 624 million, up 6% (+9% at constant exchange rates). EBITDA margin was 8.9% vs. 9% a year earlier, the company also said. In H1 2021, Jeronimo Martins Group’s EBITDA rose by 12.6% y/y to EUR 715mn. The group’s EBITDA margin was 7.2% vs. 6.8% a year earlier. The group’s revenue rose by 6.3% y/y to EUR 9.9bn in the period (and by 8.8% y/y at constant exchange rate); LFL growth was 6.6%.
In H1/2011, Biedronka opened 53 stores (39 net) and remodeled 153 locations, increasing its network to 3,154 outlets at the end of June. Retail space increased to 2.16 million sqm from 2.12 million sqm at the end of 2020.
