Jeronimo Martins' 2023 sales hit record over 30 bln euros

Jeronimo Martins SGPS SA

11/01/2024 17:51

LISBON, Jan 11 (Reuters) - Portuguese retailer Jeronimo
Martins  JMT.LS  on Thursday posted a 21% jump in full-year
sales, driven by a robust increase at its market-leading Polish
chain, Biedronka.
        According to preliminary data, revenues rose to 30.6
billion euros ($33.49 billion). Revenues at the discount chain
Biedronka rose 22% to 21.5 billion euros.
        In a statement, Chief Executive Pedro Soares dos Santos
said surpassing the 30 billion-euro total sales mark was an
important milestone for the company, adding that "maintaining
the sales' dynamic will remain a priority for all our companies"
in 2024 in a particularly uncertain international context.
    At home, sales at its Pingo Doce supermarkets rose 7.9% to
4.9 billion euros, while in Colombia, its expanding Ara chain
booked 2.4 billion euros, up 37.7% from a year earlier.
    Preliminary sales in the last quarter of 2023 rose 16.7% to
8.2 billion euros.       
    The company will post its consolidated results on March 6.
($1 = 0.9136 euros)
    

 (Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip)
 ((patricia.rua@thomsonreuters.com; +351 21 123 2775; Reuters
Messaging: patricia.rua.reuters.com@reuters.net))