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.
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!