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Jerónimo Martins

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Jerónimo Martins SGPS, S.A.
Company typeSociedade Anónima
Euronext LisbonJMT
PSI-20 component
ISINPTJMT0AE0001
IndustryRetail
Founded1792; 232 years ago (1792)
FounderJerónimo Martins
HeadquartersLisbon, Portugal
Key people
Pedro Soares dos Santos (CEO)
ServicesFood Distribution:

Specialised Retail:

  • Health and beauty stores
  • Pharmacies
  • Coffee shops
  • Chocolate boutiques
Revenue30.608 billion (2023)[1]
756 million (2023)[1]
Number of employees
134,379 (2023)[1]
Websitewww.jeronimomartins.com

Jerónimo Martins SGPS, SA (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 5,700 stores in Portugal, Poland, and Colombia.[1]

The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chain in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold Delhaize since 1982.[2]

Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.

Operations

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In Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores.

The Group also operates in the specialized retail sector in Portugal. Jerónimo Martins owns the Jeronymo coffee shops and the Hussel chocolate and confectionery stores.[3]

Until 2016, Jerónimo Martins had industrial facilities focused on the production of several Unilever brands. This was carried out through the joint venture company Unilever Jerónimo Martins, which was 45% owned by JM and 55% owned by Unilever.[4]

Jerónimo Martins also owns Biedronka, the largest chain of no-frills supermarkets in Poland. Also in Poland, the Group operates the health and beauty and cosmetic chain Hebe.[3]

In 2013, Jerónimo Martins Group started its operations in Colombia with the opening of the first Ara stores as well as its first distribution centre.[5]

Former operations

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It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[6] a stake in Eurocash, a cash-and-carry in Poland;[7] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[8]

Key Figures

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Year Sales (in million €) EBITDA (in million €) Net profit (in million €)
2023[1] 30,608 2,168 756
2022[9] 25,385 1,854 590
2021[10] 20,889 1,585 463
2020[11] 19,293 1,423 312
2019[12] 18,638 1,045 433
2018[13] 17,337 960 401
2017[14] 16,276 922 385
2016[14] 14,622 862 593
2015[15] 13,728 800 333
2014[15] 12,680 733 302
2013[16] 11,829 777 382

See also

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References

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  1. ^ a b c d e "Results Presentation 2023" (PDF). Retrieved 9 October 2024.
  2. ^ "Celebrations in 2015 (Annual report 2015)". Jerónimo Martins. Archived from the original on 8 February 2018. Retrieved 7 February 2018.
  3. ^ a b "Jeronimo Martins - Specialised Retail". Jerónimo Martins. Retrieved 7 February 2018.
  4. ^ "Dona do Pingo Doce compra totalidade da Monterroio". Dinheiro Vivo. Archived from the original on 8 February 2018. Retrieved 7 February 2018.
  5. ^ "Jerónimo Martins Group starts operations in Colombia". Jerónimo Martins. Retrieved 29 October 2013.
  6. ^ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. Retrieved 2 January 2010.
  7. ^ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. Retrieved 2 January 2010.
  8. ^ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. Retrieved 2 January 2010.[permanent dead link]
  9. ^ "Results Presentation 2022" (PDF). Retrieved 9 October 2024.
  10. ^ "Results Presentation 2021" (PDF). Retrieved 9 March 2022.
  11. ^ "Annual report 2020" (PDF). Retrieved 9 March 2022.
  12. ^ "Annual report 2019" (PDF). Retrieved 9 March 2022.
  13. ^ "Annual report 2018" (PDF). Retrieved 9 March 2020.
  14. ^ a b "Annual report 2017" (PDF). Retrieved 13 August 2018.
  15. ^ a b "Annual report 2015" (PDF). Retrieved 13 August 2018.
  16. ^ "Annual report 2013" (PDF). Retrieved 13 August 2018.
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