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First Half 2018 Results

In the first six months of the year, the Group's key performance indicators recorded solid growth, with all banners increasing their market share.

Sales
8.4 B€
Profit
180 M€
EBITDA
446 M€
Investment
295 M€

Message from the Chairman and Chief Executive Officer

Pedro Soares dos Santos

Our teams delivered strong performances in competitive environments and we posted solid results in the first half of the year. This performance follows the consistent implementation of our strategy and the clear focus on our priorities.

Our banners remained focused on sales growth and committed to reinforcing their positions in the respective markets.

Biedronka added 2pp to its market share in the first half, demonstrating its agility and resilience in dealing with the initial impact of the Sunday trading ban as well as in setting the stage for continued growth. In Colombia, Ara keeps expanding and gaining market relevance.

Aware of the challenges ahead, we will continue to work to deliver sustainable profitable growth.