Full Year Results 2011
2011: A year of strong growth and strengthened solidity
Net profit of the Jerónimo Martins Group rises to over 340 million euros
Main Group highlights
- Net Sales rose 13% to 9.8 billion euros
- Operational Cash Flow (EBITDA) rose 16% to 722 million euros (Biedronka represents 64% of the Group EBITDA)
- Net Profit rose 21% to 340.3 million euros, increasing the profit per share to 0.54 euros
- Net Debt fell to 228 million euros, with gearing at 16% (51% in 2010)
- Capex of 449 million euros
- Investment in Poland corresponded to 70% of the total investment programme of the Group
- Distribution in Portugal received 121 million euros in investment
- All the Group's Food Distribution formats and retail chains recorded above-average growth for their sectors, reinforcing their market positions
- 5,200 jobs created
- More than 6.8 million euros in direct support for surrounding communities
- Announcement of decision to enter the Colombian market
- Proposal of the distribution of a gross dividend of 0.275 euro per share (+ 31% vs 2010)
