Jeronimo Martins : Q1 2023 beats estimates. Revising our numbers slightly upwards
>Inflation keeps fuelling Jeronimo’s sales momentum - Sales grew at a pace of +23% y-o-y (vs +23% in Q4 2022 and +23% in Q3 2022) reaching € 7.0bn with the group’s l-f-l expanding at +21% (vs +21% in Q4 2022 and +22% in Q3 2022). By business, Biedronka again registered strong sales growth of +26% in Q1 (vs +24% in Q4 2022 and +22% in Q3 2022) with l-f-l of +25% (vs +23% in Q4 2022 and +23% in Q3 2022) on some volume growth and market share gains that were achieved tha...Jeronimo Martins S.G.P.S. is a holding company. Through its subsidiaries, Co. is engaged as a food distribution company with operations in Poland and Portugal. Co. operates in four segments: Portugal Retail, which comprises the business unit of JMR - Gestao de Empresas de Retalho, SGPS, S.A. (Pingo Doce supermarkets); Portugal Cash & Carry, which includes the wholesale business unit Recheio; Poland Retail, which includes the business unit with the brand Biedronka; and Others, which includes marketing services and representations, restaurants in Portugal, health and beauty retail in Poland, and its retail business in Colombia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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