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Haitong Bank

Start of Coverage: 02-11-2015

Resume of the last report made by this analyst

We have made no changes to our estimates in PLN but following the recent 3% depreciation of the PLNEUR we have cut our earnings forecasts for JM by an avg of 3% for ‘18e-20’e.

Analyst: Filipe Rosa

e-mailfrosa@haitongib.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.