Jeronimo Martins' FY Sales Reach €11.8bn
summary：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....
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 Martins also noted that both of these chains have continued to gain market share in their respective countries.
Amongst other banners, Recheio reported a slight 1.7% rise to €805 million, while the new Ara (Colombia) and Hebe (Poland) chains generated sales of €80 million, in line with the group’s expectations.