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Portugal's Jerónimo Martins Sees 7.5% Growth In Annual Sales

Published on Jan 17 2020 8:20 AM in Retail tagged: Trending Posts / Portugal / Pingo Doce / Recheio / Biedronka / Ara / Paywall / Hebe / Grupo Jerónimo Martins

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. 

All banners operated by the group reported an increase in sales, with Poland and Portugal posting growth above the market average.

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