Jeronimo Martins, Sgps ( (JRONY) ) has released its Q1 earnings. Here is a breakdown of the information Jeronimo Martins, Sgps presented to its investors.
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Jerónimo Martins, SGPS is a multinational company operating in the food distribution and retail sector, with a significant presence in Portugal, Poland, and Colombia, known for its competitive pricing strategy and diverse store formats.
In the first quarter of 2025, Jerónimo Martins reported a 3.8% increase in sales, reaching €8.4 billion, despite the challenges posed by a demanding economic environment and calendar effects. The company’s EBITDA also rose by 3.8% to €528 million, maintaining a stable margin of 6.3%.
Key financial highlights include a net earnings increase to €127 million, a notable 31.4% rise from the previous year, partly due to the absence of a significant one-time endowment made in 2024. The company also opened new stores in Slovakia and expanded its distribution network, reflecting its ongoing growth strategy. However, cash flow was negative at €-398 million, attributed to seasonal factors and the timing of Easter.
In Poland, the Biedronka chain saw a 3.4% sales growth despite a challenging market, while the Hebe brand experienced a decline in EBITDA due to intensified competition. In Colombia, the Ara brand achieved a significant 13% sales increase in local currency, supported by strategic promotions.
Looking ahead, Jerónimo Martins remains committed to its expansion plans and maintaining price competitiveness amid geopolitical and economic uncertainties. The company aims to continue strengthening its market position and addressing environmental and social challenges in a volatile global context.