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Jerónimo Martins - 3rd Quarter 2012 Results

Financial Results
Increased market shares in all the Group’s areas of business

Consolidated sales rise 8.7% in the first nine months of the year

Main Group highlights 

  • Profit rises 6.2% in the first nine months to 272 million euros, with the main contribution coming from Biedronka
  • Consolidated Sales rise 8.7% in the period and reach 7,954 million euros
  • Operational Cash Flow (EBITDA) increases 5.2%, when compared to the first nine months of 2011, to 554 million euros
  • Net Debt falls to 252 million euros, with gearing at 16%
  • Capex amounted to 327 million euros
  • Investment in Biedronka corresponded to 87.4% of total investment
  • Investment in Portugal totalled 38 million euros
  • In view of the strength of the Balance Sheet, the Board will request an extraordinary Shareholders Meeting to approve the distribution in 2012 of €150 million from free reserves.