Biedronka the main motor for sales for Jeronimo Martins

2 May 2012

biedronka

Retailer Jerónimo Martins has reported sales in Q1 2012 of EUR2.4bn with Poland increasingly stating itself as the main driver of the group?s growth and profitability where it owns the Biedronka chain.

The company believes that the first quarter is undeniably characterised by the outstanding performance of Biedronka, buy which already represents 70% of operating profit of the Jerónimo Martins Group. In the first three months of the year, capsule Biedronka revamped 496 stores with the new layout which focuses more on Fresh Produce and Bakery at an average rate of 6 stores per day, capsule as well as continued its accelerated expansion programme, ending the period with 1,908 units.

The consolidated EBITDA rose to EUR152 million – an increase of 9.2% -, continuing to grow faster than sales.

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