A good first quarter for JM in which sales experienced a 5.9% increase to €3.4bn. The group’s EBITDA progressed well following the good sales performance, strict cost management and with Easter falling in Q1 16. The net result stood at €77m (vs. €65m in Q1 15) due to lower cost of debt (sound financial profile with gearing at 12.7%). The group continued to spend on capex, €83.4m in the quarter, i.e. 14% of planning capex for FY 16.
03 May 2016
Worries on the new Portuguese tax
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Worries on the new Portuguese tax
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published:
03 May 2016 -
Author:
Ranya GNABA -
Pages:
2
A good first quarter for JM in which sales experienced a 5.9% increase to €3.4bn. The group’s EBITDA progressed well following the good sales performance, strict cost management and with Easter falling in Q1 16. The net result stood at €77m (vs. €65m in Q1 15) due to lower cost of debt (sound financial profile with gearing at 12.7%). The group continued to spend on capex, €83.4m in the quarter, i.e. 14% of planning capex for FY 16.