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Jerónimo Martins - 3rd Quarter 2011 Results

Financial Results
Jerónimo Martins Group sales grow 15.6% and reach 7,320 million euros

Poland now represents 59.1% of the Group's total sales

  • Consolidated sales in the first 9 months of the year grew by nearly a thousand million euros over the same period of 2010, with the performance of Biedronka of increasing importance
  • EBITDA up 19.5% and reached 527 million euros
  • Net profit of 256 million euros, up 32%
  • Consolidated net debt decreased 240 million euros to 331 million euros, allowing a decrease in gearing to 24.7% (48.6% at the end of the third quarter of 2010)
  • Colombia: The new market to enter

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