Jerónimo Martins Sees Q1 Growth, Anticipates 'Uncertain' Year Ahead
Portuguese retail group Jerónimo Martins has reported 11% growth in first quarter 2020 sales, to €4.71 billion (+9.5% like-for-like), however it is expecting a more challenging marketplace in the coming months.
Net profit in the January to March period declined 43.8% to €35 million, due to the exchange rate differences accounted for under the new IFRS16 regulations, while net debt amounted to €2.06 billion.
Performance By Market
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