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press release
9 MONTHS
2015
9 months
2015
press release
press release
MONTHS
99 MONTHS
2015
Strong sales performance in all COMPANIES
Net consolidated results grow by 6.4%
In the first nine months of the year, the main business areas of Jerónimo Martins saw sales
and shares of market increase over the previous year, in a strongly competitive context
dominated by sales promotions in all the countries where we do business. The EBITDA
and profits also rose year-on-year. Given the robust balance sheet and cash flow
generated, the Board of Directors will call an extraordinary Shareholders’ General Meeting
to approve the payment of 236 million euros of free reserves in 2015 .
€10 €588
BILLION
MILLION
ebitda
€252
MILLION
profit
€283
MILLION
investment
sales
Growth of 9%
Growth of 7.3%
Growth of 6.4%
50% in Biedronka
Message from the Chairman of the Board of Directors and CEO
PEDRO SOARES DOS SANTOS
“In the nine months of the year the Group strengthened its competitive position in all markets
where it operates while strongly increasing cash flow generation.
Biedronka strengthened its market share and continues reinforcing the competitiveness of its
model for the future.
In Portugal, Pingo Doce and Recheio continued to outperform their respective markets.
In Colombia, in line with our expansion plan, we opened a second region in the Caribbean
Coast, and we had 110 stores operating under the Ara brand at the end of September.
With most of the year behind us, I feel reassured by the proven capacity of all our
Companies to leverage on their differentiated strategies and to keep on track to deliver our
targets, with top line growth as their main priority.”
5th November 2015
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press release
MONTHS
99 MONTHS
2015
BIEDRONKA
STORE
OPENINGS
92
GROWTH IN
SALES
+10%
CONTRIBUTION
Group sales
67%
LAUNCHES
Private
BRAND
453
In the first nine months of the year, Biedronka opened 92 stores
and, according to GFK, it improved its market share by 2.1 p.p. from
January to August, compared with the same period of the previous
year. Company sales rose 10%, totalling 6,836 million euros, in a
business environment marked by heavy investments made by the
food retailers in food promotions.
Representing 47% of the total sales, the products of Biedronka’s
Private Brand are one of the strategic pillars of the offer, and have
even become key references in their categories. By the end of
September, 453 new products were launched (including varieties in
flavour and other presentations for the same product).
In the most recent "Europa 500“ ranking, prepared by the daily
newspaper Rzeczpospolita and the consulting firm Deloitte, which
evaluates 828 companies in 19 countries, Biedronka climbed four
positions in relation to the previous year, placing fourth among the
largest European companies and is the sixth largest employer of the
region. In the Coface CEE Top ranking, as well, the Company is in
fourth place among the 500 largest of Central and Eastern Europe.
In this year, which marks its 20th anniversary, Biedronka saw its
two decades of work with its Polish business partners rewarded
with the gold medal of the Super Biznes award, in recognition of the
company’s contribution to the development of the Polish economy
and the country’s producers in the agriculture industry.
In Poland, this year, Biedronka launched the Children’s Literature
Award, like Pingo Doce did in Portugal last year. The initiative was
very well received by Polish society, with entries for the two stages
of the contest – text and illustration – totalling over 5,000 works
submitted for evaluation by the jury. The launching of the book is
scheduled for this coming November 19 in Warsaw.
5th of November 2015
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press release
MONTHS
99 MONTHS
2015
PINGO DOCE
Pingo Doce maintained the strong commercial and promotional
dynamics its customers have become accustomed to (142 leaflets
launched in the nine-month period), recording growth of 4.7% in likefor-like sales. This performance is the result of Pingo Doce’s ability to
attract new customers and reinforce their loyalty.
With the goal of continually improving the in-store shopping
experience, Pingo Doce carried out 21 remodelling projects in the first
nine months of the year. In this period, it inaugurated 19 new stores,
five of which in the Algarve, strengthening its presence in the region,
which now has 27 stores.
Between January and the end of September, 144 new Private Brand
products were launched (including Pura Vida lactose-free yoghurts
and ice creams, chocolates with UTZ certification and spinach puree
without lactose and gluten), expanding a range of products that
contributes about 35% to the Company sales (excluding specialised
perishables). Pingo Doce’s Private Brand continues to bet on
innovation, balanced nutrition (21 relaunchings after the investment in
the improved nutritional profile of the products) and the inclusion of
solutions directed towards special dietary needs.
Following the success of its first edition, the Pingo Doce Children’s
Literature Award announced the 2015 winners of the text and
illustration competition. “Orlando, o caracol apaixonado”, a story by
Sérgio Mendes, will be illustrated by Elias Gato and the original work
will be launched on November 9 at Estufa Fria, in Lisbon. The
winners will receive there prize money 25,000 euros each on that
date, after which the book will become available on the shelves of
approximately 300 Pingo Doce stores.
STORE
OPENINGS
19
GROWTH IN
SALES
+5%
CONTRIBUTION
Group SALES
25%
LAUNCHES
Private
BRAND
144
5th of November 2015
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press release
MONTHS
99 MONTHS
2015
recheio
GROWTH IN
SALES
+4.6%
CONTRIBUTION
Group sales
6%
LAUNCHES
Private
BRAND
155
The solid sales performance of Recheio continued to capitalise on
the loyalty programme launched by the Company, which offers a
broad range of advantages to its customers, such as discount
vouchers, equipment and training.
The ranges of Private Brand of this Company, which represent about
21% of its total sales (excluding specialised perishables), are a
strategic axis in the business activity. In the first nine months of the
year, 155 new products were launched: 134 of the Amanhecer
brand, 17 of the MasterChef brand and 4 of the Gourmês brand.
In this period, we also highlight the remodelling of two stores –
Valença and Ramalde – which contributed to the modernisation of
the chain of Recheio stores.
The Amanhecer chain, developed in partnership with traditional
retailers, now has over 220 member stores, maintaining a strong
pace of expansion. This year, with an average of two openings per
week, by the end of September, 78 neighbourhood grocery stores
were added to this chain, which is present in all the Districts of
mainland Portugal and Madeira. The Lisbon area, with 41 stores, has
the highest number of Amanhecer stores.
New businesses
ARA and HEBE
Between the beginning of January and the end of September, the sales of Ara, in
Colombia, totalled 83 million euros. In a competitive market where traditional
businesses dominate, Ara has bet on attractive promotions and on strengthening its
presence in the neighbourhoods with actions and discounts that are specific to each
store.
In September, Ara began operation in Caribbean Coast, where it inaugurated its
second distribution centre in the country (in Barranquilla) and store no. 100 of the chain
(in Cartagena de Índias). With this investment and the projected opening of around 40
stores in this coastal region by the end of the year, it is estimated that 500 new jobs will
be created. At the close of the nine months, Ara had 110 stores in Colombia.
In Poland, the Hebe stores continue to conquer the women, who represent about 95%
of the customers of this chain, which had sales of 72 million euros in the first nine
months. With over a million active loyalty cards, Hebe ended the third quarter of the
year with 125 stores.
5th on November 2015
press release
MONTHS
99 MONTHS
2015
GET MORE INFORMATION HERE
VIDEOS AND PHOTOGRAPHS
Financial Statement
Advertising film 20th anniversary of Biedronka
Photo Gallery
Site for Children’s Literature Award (Biedronka)
Advertising film book "De onde vêm as bruxas?" (Pingo Doce Children’s Literature Award)
CONTACTS
Rita Fragoso
comunicacao@jeronimo-martins.pt
+351-21 752 61 14
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