Jeronimo Martins, Sgps ( (JRONY) ) has released its Q4 earnings. Here is a breakdown of the information Jeronimo Martins, Sgps presented to its investors.
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Jerónimo Martins, SGPS, S.A. is a prominent player in the food distribution and retail sector, operating various supermarket chains across Poland, Portugal, and Colombia, with a focus on providing competitive pricing and high-quality products.
In its latest earnings report for 2024, Jerónimo Martins highlighted a 9.3% increase in sales, reaching €33.5 billion, despite facing challenges such as basket deflation and increased operational costs. The company maintained a strong market position by investing in price competitiveness and expanding its store network.
Key financial metrics revealed an EBITDA increase of 2.9% to €2.2 billion, although the EBITDA margin slightly decreased to 6.7%. Net earnings were reported at €599 million, translating to an EPS of €0.95. The company also maintained a solid balance sheet with a net cash position of €726 million, despite significant investments exceeding €1 billion annually.
Looking ahead, Jerónimo Martins plans to continue its expansion efforts, particularly in Poland and Colombia, while focusing on sustainability initiatives and maintaining competitive pricing strategies. The company remains committed to addressing economic challenges and enhancing its value propositions to sustain growth in a volatile market environment.