Jeronimo Martins : Robust Q4 preliminary sales. Aggressive openings in Colombia to occupy the space left by Justo&Bueno
>Solid inflation-fuelled sales that beat our numbers and the consensus - The company’s Q4 preliminary sales are growing at a pace of +23% y-o-y (vs +23% in Q3) reaching € 7.0bn (14% above our estimates and 5% ahead of the consensus) with the group’s l-f-l expanding at +21% (vs +22% in Q3). By business, Biedronka again registered strong sales growth of +24% in Q4 (vs +22% in Q3) with l-f-l of +23% (vs +23% in Q3) on higher volumes (+7%) helped by the number of Ukraini...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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