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Start of Coverage: 13-01-2010

Resume of the last report made by this analyst

Momentum will likely remain unfavourable as long as the consumers’ increase in purchasing power does not translate into volume growth for the company.

Analyst: Emmanuelle Vigneron

e-mail: emmanuelle.vigneron@hsbc.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.