Portugal's Jerónimo Martins Sees 7.5% Growth In Annual Sales
Portuguese retail group Jerónimo Martins has reported 7.5% growth in consolidated sales in its financial year 2019, to €18.6 billion.
The retailer posted like-for-like sales growth of 5.3% during this period.
It benefited from low food inflation of 0.3% in Portugal and a favourable consumer environment, particularly in Poland and Colombia, it said.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!