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Jefferies International

Start of Coverage: 02-12-2010

Resume of the last report made by this analyst

This is on earnings estimates that we have downgraded today by between 3% (2018) and 8% (2019 and 2020) to reflect: a €PLN at 4.35; a less pronounced reduction in start-up losses; group capex continuing at in excess of €700m pa into the mid term.

Analyst: James Grzinic

e-mailjgrzinic@Jefferies.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.