Continuous growth for Jeronimo Martins, which saw its full-year sales increase by 8.3% yoy to €13.727bn. Growth was driven mainly by an expansion program since the network was shored up and the number of stores climbed to 3107 in 2015. Deflation at the beginning of the year (mainly in Poland) was offset by the banner’s performance and a strong volume progression (even lfl growth remained strong).
28 Jan 2016
Successful expansion program
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Successful expansion program
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published:
28 Jan 2016 -
Author:
Ranya GNABA -
Pages:
2
Continuous growth for Jeronimo Martins, which saw its full-year sales increase by 8.3% yoy to €13.727bn. Growth was driven mainly by an expansion program since the network was shored up and the number of stores climbed to 3107 in 2015. Deflation at the beginning of the year (mainly in Poland) was offset by the banner’s performance and a strong volume progression (even lfl growth remained strong).