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Barclays Capital

Start of Coverage: 23-10-2009

Resume of the last report made by this analyst

We raise our EPS forecasts by an average 6% for the FY21-23E period to factor in the latest FX fluctuations, the accelerating food inflation in Poland, our more positive outlook for Portugal and the impact of Jeronimo Martins’ accelerating store expansion in Poland and Colombia during 4Q on the group’s growth prospects.

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.