Jeronimo Martins : Q3 2023 conference call highlights
>2023 outlook maintained. Margin pressure likely to continue in Q4 2023 and FY 2024 but group will try to offset it with pricing-driven volume growth - The outlook was not very specific (as usual) in terms of sales/margins; management merely stated that margins are likely to continue under pressure in Q4 2023 and FY 2024 in a context of fragile consumer confidence, high interest rates and systemic effects (war in Ukraine and the Middle East). The company added that a...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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