H1 sales reached €6,958m backed by the performance of all banners despite deflation in Poland and flat food inflation in Portugal. Biedronka experienced strong lfl growth of 8.8% and sales came in at €4,678m. The network expansion sustained this performance as 40 stores were opened while 94 locations were refurbished. In Portugal, Pingo Doce’s sales increased by 3.9% and 0.3% on a lfl basis, reflecting the still negative basket inflation. In the first six months of this year, 
                    29 Jul 2016 
Successful focus on the top-line
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Successful focus on the top-line
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published: 
29 Jul 2016  - 
                                            
                                            
                                            Author:
                                                
Ranya GNABA  - 
                                            
                                            Pages:
                                                
2  - 
                                            
                                         
H1 sales reached €6,958m backed by the performance of all banners despite deflation in Poland and flat food inflation in Portugal. Biedronka experienced strong lfl growth of 8.8% and sales came in at €4,678m. The network expansion sustained this performance as 40 stores were opened while 94 locations were refurbished. In Portugal, Pingo Doce’s sales increased by 3.9% and 0.3% on a lfl basis, reflecting the still negative basket inflation. In the first six months of this year,