Report
Juan Ros-Padilla

Jeronimo Martins : Q4 conference-call highlights

>Q4 2024 outlook: company sees some signs of food inflation abatement - As usual, management’s outlook for 2024 was unspecific in terms of sales growth or margins, they just stated that cost inflation (rent and salaries) and Food CPI deflation will pressure the margins and that management will keep the focus on growing volumes. The company stated that the group will face tough comps in FY 2024 yet they believe that the strength and differentiation of their value prop...
Underlying
Jeronimo Martins SGPS S.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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Juan Ros-Padilla

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