Jeronimo Martins : Q4 2023 earnings in line
>Solid inflation-fuelled sales - The company released its Q4 sales earlier this year. Sales grew at a pace of +17% y-o-y to € 8.1bn (vs +22% in Q3) with the group’s l-f-l expanding at +10% (vs +12% in Q3). By business, Biedronka sales grew +17% to € 5.7bn, decelerating vs Q3 (+24%) as the lower LFL (+5.1% Q4 vs +13% in Q3) is partially offset by FX (+8pp) and space growth (4pp). The price impact is already negative for certain categories in Q4. Hebe: sales grew +32% t...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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