Poland Boosts Jerónimo Martins Results In First Quarter
Portuguese retail group Jerónimo Martins reported profits of €85 million in the first quarter of 2018, up 5.8% year-on-year, mainly supported by sales in Poland.
The group's sales totaled €4.2 billion, 14.2% above the same period last year (7% like for like ), thanks to a strong performance of all banners and a particularly successful Easter.
The positive results were achieved despite continued pressure on personnel costs, especially at Biedronka and Pingo Doce.
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