Jeronimo Martins Achieves Strong Sales Growth in 2024

Jeronimo Martins SGPS (GB:0EXG) has released an update.

Jeronimo Martins reported a 10.3% increase in sales to €24.8 billion in the first nine months of 2024, despite challenging market conditions and deflation pressures. The company’s strategic focus on competitive pricing and value propositions helped drive market share gains, particularly in Poland and Portugal. However, the group’s EBITDA margin saw a slight decline due to cost inflation and subdued consumer demand.

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