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Jerónimo Martins - 1st Quarter 2014 Results

Jerónimo Martins SGPS, SA
29
April
2014
In a highly competitive environment in Poland and in Portugal

Consolidated sales growth 5.6% (at constant exchange rates)

First quarter highlights for the Group

  • Consolidated Sales growth 5.6% (at constant exchange rates) and reached 2,912 million euros
  • Operational Cash Flow (EBITDA) of 158 million euros
  • Investment of 109 million euros, with 87% channelled to Biedronka
  • Profit is 62 million euros, with the main contribution coming from Biedronka
  • Market shares in Poland and in Portugal strengthened
  • The new businesses (Hebe and Ara) recorded sales of 29 million euros in the quarter in which Ara celebrated its first year of operations in Colombia