Jeronimo Martins SGPS SA
JMT
ISIN PTJMT0AE0001 / Valor 388808
Jeronimo Martins SGPS SA
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About company
Jeronimo Martins SGPS SA is a Portugal-based international conglomerate with a significant footprint in the food distribution sector, boasting over 230 years of experience. The company primarily focuses on addressing the daily needs of millions of consumers across Portugal, Poland, and Colombia, with food distribution accounting for more than 98% of its consolidated sales. In Poland, Jeronimo Martins operates Biedronka, the country's leading food retailer, and has recently expanded into Slovakia. In its home market of Portugal, the company leads with Pingo Doce supermarkets and Recheio cash & carry stores. Additionally, it runs Ara neighborhood stores in Colombia. Beyond food retail, Jeronimo Martins has diversified into specialized retail with the Hebe beauty chain in Poland and the Czech Republic, and into agribusiness in Portugal and Morocco. As of the end of 2023, the company reported sales of €30.608 billion, employed over 134,000 people, and achieved a net profit of €756 million.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (13.11.2025):
Jeronimo Martins SGPS SA reported robust financial performance for the first nine months of 2025, demonstrating strong sales growth, improved operational results, and prudent cost management. The company’s latest earnings highlight a 7.1% increase in sales to €26.5 billion, a 10.9% rise in EBITDA to €1.8 billion—with margins improving to 6.8%—and a net profit reaching €484 million. These results, which include detailed comparisons with Q3 2024 performance, underline the Group’s commitment to price leadership and efficiency during challenging market conditions.
Sales Performance
In the first nine months of 2025, Jeronimo Martins SGPS SA saw sales grow by 7.1% to €26.5 billion (6.6% at constant exchange rates). Detailed performance in Poland for Q3 2025 showed local currency sales rising by 7.4% and an 8% increase in euro terms compared to Q3 2024, reinforcing the Group’s strong market position through competitive pricing and promotional strategies.
EBITDA and Margins
The company’s EBITDA increased by 10.9% to €1.8 billion, with an improved margin reaching 6.8% compared to 6.6% in 9M 2024. This reflects effective cost discipline, productivity enhancements, and a focused strategy to maintain profitability despite inflationary pressures, particularly visible in the Q3 performance review.
Profitability and Cash Flow
Net profit climbed to €484 million, marking a 10% increase compared to the same period last year. Additionally, operating cash flow in the first nine months reached €128 million, while the balance sheet showcased a net debt of €3.6 billion and a net cash position (excluding IFRS16 effects) of €467 million as of the end of September 2025.
Operational Strategies and Investments
Throughout 9M 2025, the Group continued its extensive store expansion and remodeling programs, opening 274 new stores and refurbishing 170 locations. These investments, alongside the rollout of new logistics capabilities including a new distribution centre, underline Jeronimo Martins SGPS SA’s commitment to reinforcing its market leadership and operational resilience for the upcoming holiday season and beyond.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
15754 M
Market cap (USD)
437,052
Daily traded volume (Shares)
18.41 / 18.13
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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