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Poland Boosts Jerónimo Martins Results In First Quarter

Published on Apr 27 2018 1:30 PM in Retail tagged: Featured Post / Poland / Portugal / Jerónimo Martins / Paywall

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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