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2022 Annual Results Press Conference

2022 Annual Results Press Conference

Watch the main highlights of the press conference on Jerónimo Martins' annual results, held on 23 March 2023, at the Group's headquarters, in Lisbon.

Financial Results

March
2023

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Main highlights

KEEP INVESTING YEAR ON YEAR

"In these last three years, with Covid and the war in Ukraine, we have opened over 1,000 stores, created 15,500 new jobs, paid out over 700 million euros in bonuses and invested 2 billion euros in the three countries where we operate. These were three years of crisis, three years of difficulty and we did not fail to fulfil our obligation."

Pedro Soares dos Santos
Chairman & CEO of the Jerónimo Martins Group

ANALYSING THE RESULTS

“There are neither excessive nor speculative profits.”

"For every euro of sales, Pingo Doce had less than one cent of profit, which puts all the pressure on volumes. This is the reason why we need more sales to generate more results."

Ana Luísa Virgínia
CFO of the Jerónimo Martins Group

Around 80% of the Group's sales are generated by our Polish and Colombian operations.

GLOBAL FOOD CRISIS

"In 2022 there was a hecatomb in the whole production chain due to the war in Ukraine. There were no stocks, prices went up."

António Serrano
CEO of Jerónimo Martins Agro-Alimentar

STRONG COMMITMENT TO THE PORTUGUESE FAMILIES

"We will fully pass on the VAT decrease in the price of products."
"Pingo Doce has not changed its value proposition one millimetre: to continue to offer the best quality products at the lowest prices on the Portuguese market."

Isabel Pinto
CEO of Pingo Doce

LEAD BY EXEMPLE

"In Poland, the value of the VAT reduction was fully passed on to families."
"As the leading supermarket chain, we have led the communication on the shelves and on price tags in order to always be transparent with the consumer."

Luís Araújo
CEO of Biedronka

Photo Gallery

Download a selection of photos from the Group's press conference here.