date:Jan 16, 2014
Jeronimo Martins, the owner of the biggest retail chains in Poland and Portugal, has reported a sales increase for its financial year, helped once again by the performance of the Biedronka discount chain.
The group said sales for 2013 were up 1.7% to 11.8 billion (+11.1% in currency-adjusted terms), with like-for-like sales up 3.8%.
Sales at Biedronka jumped up 14.4% to 7.7 billion, while its Pingo Doce supermarket chain in Portugal reported a modest 3.9% rise to 3.18 billion. Jeronimo Martin