Jerónimo Martins, Results H1 2017

Page created: Friday, 28 July 2017 14:55GMT

Press Release:  26 July 2017 - 6 Page(s)
Tags:
Growth  Like-for-Like  Management

In the first six months of the year, the Group’s main performance indicators showed a solid evolution due to the focus on sales, efficient cost management and the Companies’ operational excellence. Consolidated Like-for-Like (LfL) sales increased by 6.9%, reflecting the strengthened market positions of the various banners, and EBITDA had an 7.2% year-on-year increase. Investments deployed amounted to 249 million euros and net profit reached 173 million euros. The robustness of the results achieved by the established businesses in the first half of the year enables the Group to be even more confident that this is the right time to accelerate the growth of the operation in Colombia. In 2017, the total value of Group’s investments should stand at around 700 million euros.