Jerónimo Martins

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Jerónimo Martins SGPS, SA (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 6,100 stores in Portugal, Poland, Slovakia and Colombia.[1]

The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chain in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold Delhaize since 1982.[2]

Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.

Operations

In Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores.

The Group also operates in the specialized retail sector in Portugal. Jerónimo Martins owns the Jeronymo coffee shops and the Hussel chocolate and confectionery stores.[3]

Until 2016, Jerónimo Martins had industrial facilities focused on the production of several Unilever brands. This was carried out through the joint venture company Unilever Jerónimo Martins, which was 45% owned by JM and 55% owned by Unilever.[4]

Jerónimo Martins also owns Biedronka, the largest chain of discount stores in Poland. Also in Poland, the Group operates the health and beauty and cosmetic chain Hebe.[3]

In 2013, Jerónimo Martins Group started its operations in Colombia with the opening of the first Ara stores as well as its first distribution centre.[5]

Former operations

It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[6] a stake in Eurocash, a cash-and-carry in Poland;[7] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[8]

Key figures

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Year Sales (in million €) EBITDA (in million €) Net profit (in million €)
2024[1] 33,464 2,232 (1,622 excl. IFRS16) 599
2023[9] 30,608 2,168 756
2022[10] 25,385 1,854 590
2021[11] 20,889 1,585 463
2020[12] 19,293 1,423 312
2019[13] 18,638 1,045 433
2018[14] 17,337 960 401
2017[15] 16,276 922 385
2016[15] 14,622 862 593
2015[16] 13,728 800 333
2014[16] 12,680 733 302
2013[17] 11,829 777 382

See also

References

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External links

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