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Jerónimo Martins

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

Specialised Retail:

  • Health and beauty stores
  • Pharmacies
  • Coffee shops
  • Chocolate boutiques
Revenue30.608 billion (2023)
Net income756 million (2023)
Number of employees134,379 (2023)
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.

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.

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

Operations

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.

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.

Jerónimo Martins also owns Biedronka, the largest chain of discount stores in Poland. Also in Poland, the Group operates the health and beauty and cosmetic chain Hebe.

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.

Former operations

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

Key figures

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

See also

References

  1. ^ "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. ^ "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.
  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. ^ "Annual report 2017" (PDF). Retrieved 13 August 2018.
  15. ^ "Annual report 2015" (PDF). Retrieved 13 August 2018.
  16. "Annual report 2013" (PDF). Retrieved 13 August 2018.

External links

Portugal Selected PSI-20 companies of Portugal
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