Jeronimo Martins is likely to face tougher competition / higher promotional activity in its key operating geography, Poland. Striking the balance between Polish lfl growth and profitability would be a key stock price trigger in our opinion. We have tweaked our earnings estimates slightly, but no change in the stock recommendation.
15 Jan 2019
Value contingent on Polish performance
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Value contingent on Polish performance
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published:
15 Jan 2019 -
Author:
Nishant Choudhary -
Pages:
3
Jeronimo Martins is likely to face tougher competition / higher promotional activity in its key operating geography, Poland. Striking the balance between Polish lfl growth and profitability would be a key stock price trigger in our opinion. We have tweaked our earnings estimates slightly, but no change in the stock recommendation.