Jeronimo Martins : Q4 preview: volume growth to cope with disinflation
>Q4 2023 earnings preview - JMT is due to publish its Q4 results on 6 March. The company already released it sales figure, which grew +17% y-o-y to € 8.1bn (vs +22% in Q3). We expect margin deterioration of 24bp to 7.0% (vs -24bp in Q3) as the competitive environment in all regions remains challenging while volume growth, although positive, is not sufficient to fully offset the softening food inflation. Despite this margin deterioration we expect the bottom-line to ou...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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