Lisbon, Portugal, 2015-11-9 — /EPR Retail News/ — In the first nine months of the year, the main business areas of Jerónimo Martins saw sales and shares of market increase over the previous year, in a strongly competitive context dominated by sales promotions in all the countries where we do business. The EBITDA and profits also rose year-on-year. Given the robust balance sheet and cash flow generated, the Board of Directors will call an extraordinary Shareholders’ General Meeting to approve the payment of 236 million euros of free reserves in 2015 .
Message from the Chairman of the Board of Directors and CEO PEDRO SOARES DOS SANTOS
“In the nine months of the year the Group strengthened its competitive position in all markets where it operates while strongly increasing cash flow generation. Biedronka strengthened its market share and continues reinforcing the competitiveness of its model for the future. In Portugal, Pingo Doce and Recheio continued to outperform their respective markets. In Colombia, in line with our expansion plan, we opened a second region in the Caribbean Coast, and we had 110 stores operating under the Ara brand at the end of September. With most of the year behind us, I feel reassured by the proven capacity of all our Companies to leverage on their differentiated strategies and to keep on track to deliver our targets, with top line growth as their main priority.”
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SOURCE: Jerónimo Martins