Jerónimo Martins

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Jerónimo Martins SGPS, SA Sociedade Aberta (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 4,400 stores in Portugal, Poland, and Colombia.[1]

Jerónimo Martins SGPS, S.A.
Sociedade Anónima
Traded asEuronextJMT
IndustryRetail
Founded1792
FounderJerónimo Martins
HeadquartersLisbon, Portugal
Key people
Pedro Soares dos Santos (CEO)
ServicesFood Distribution:

Specialised Retail:

  • Health and beauty stores
  • Pharmacies
  • Coffee shops
  • Chocolate boutiques
Revenue18.638 billion (2019)[1]
433 million (2019)[1]
Number of employees
115,428 (2019)[1]
Websitewww.jeronimomartins.com

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.

OperationsEdit

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 and the first distribution centre.[5]

Former operationsEdit

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 FiguresEdit

Year Sales (in million €) EBITDA (in million €) Net profit (in million €)
2019[1] 18,638 1,045 433
2018[9] 17,337 960 401
2017[10] 16,276 922 385
2016[10] 14,622 862 593
2015[11] 13,728 800 333
2014[11] 12,680 733 302
2013[12] 11,829 777 382

See alsoEdit

ReferencesEdit

  1. ^ a b c d e "Results Presentation 2019". Retrieved 9 March 2020.
  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. 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. ^ "Annual report 2018" (PDF). Retrieved 9 March 2020.
  10. ^ a b "Annual report 2017" (PDF). Retrieved 13 August 2018.
  11. ^ a b "Annual report 2015" (PDF). Retrieved 13 August 2018.
  12. ^ "Annual report 2013" (PDF). Retrieved 13 August 2018.

External linksEdit