Jeronimo Martins : Q4 2022 conference call highlights
>2023 outlook: company sees some early signs of food inflation abatement - The outlook was unspecific (as usual) in terms of sales/margins; management merely stated that because of inflation, their focus to grow sales and EBITDA will put pressure on the margins (vs -20bp FY 2023e). The company, however, stated that the group has entered 2023 with stronger competitive positions supported by its ability to be flexible to cope with an uncertain environment. They also ad...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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