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Jerónimo Martins Sees Q1 Growth, Anticipates 'Uncertain' Year Ahead

Published on May 14 2020 8:39 AM in Retail tagged: Featured Post / Poland / Portugal / Pingo Doce / Jerónimo Martins / Recheio / Biedronka / Colombia / Ara / Paywall / World News

Jerónimo Martins Sees Q1 Growth, Anticipates 'Uncertain' Year Ahead

Portuguese retail group Jerónimo Martins has reported 11% growth in first quarter 2020 sales, to €4.71 billion (+9.5% like-for-like), however it is expecting a more challenging marketplace in the coming months.

Net profit in the January to March period declined 43.8% to €35 million, due to the exchange rate differences accounted for under the new IFRS16 regulations, while net debt amounted to €2.06 billion.

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