Jeronimo Martins' quarterly profit jumps 15% on higher sales
Jeronimo Martins' quarterly profit jumps 15% on higher sales
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Jeronimo Martins' quarterly profit jumps 15% on higher sales

🕒︎ 2025-10-29

Copyright Reuters

Jeronimo Martins' quarterly profit jumps 15% on higher sales

The company, whose main market is Poland, where it operates the country's largest food retailer Biedronka, booked a net profit of 214 million euros ($250 million) in the quarter. Sign up here. Net sales rose nearly 8% to 9.14 billion euros and earnings before interest, taxes, depreciation and amortisation (EBITDA) increased about 12% to 664 million euros. "We confirm the outlook disclosed on 1 August 2025. In an uncertain environment, our banners remain committed to ensuring price competitiveness, sustaining consumer preference, and reinforcing our market positions," the company said in a statement. It said the 9.2% minimum wage increase in Poland boosted household disposable income, but "competitive intensity shows no signs of easing in a food retail market that offers muted growth". ($1 = 0.8575 euros) Reporting by Andrei Khalip, editing by Sergio Goncalves

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