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Barclays Capital

Start of Coverage: 23-10-2009

Resume of the last report made by this analyst

We lower our EPS forecasts by -8% for this year and -4% for the years after, as we cautiously expect higher operating costs and softer consumer demand will continue to weigh on profitability.

Analyst: Nicolas Champ

e-mailnicolas.champ@barclays.com

The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.