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Jeronimo Martins sales are up 21.5% to 25 billion euros in 2022.

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Sales of the Jerónimo Martins group were up 21.5% to €25,400 million in 2022, while Pingo Doce sales in Portugal were up 11.2% to €4,500 million, as announced by the market today.

“Group sales increased by 21.5% (+23.9% at constant exchange rates) to reach 25.4 billion euros,” the Portuguese Securities Market Commission (CMVM) said in a statement.

In the fourth quarter of last year alone, sales of Jerónimo Martins rose by 23% to 7,000 million euros.

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For Portugal, the retail group noted that overall price increases led to 13% food inflation (19.5% in the fourth quarter), but a “strong recovery” in tourism benefited the Horeca channel (hotels, restaurants and cafes). .

Thus, from January to December 2022, Pingo Doce sales reached 4,500 million euros, an increase of 11.2% compared to the previous year.

In the fourth quarter, the supermarket chain’s sales amounted to 1,200 million euros, which is 13.7% more than in the same period last year.

In 2022, Pingo Doce opened 10 stores and refurbished 37 outlets.

In turn, Recheio, which celebrated its 50th anniversary, had sales of 1,200 million euros, up 27.7% on the previous year, and in the fourth quarter alone, sales increased by 25% to 308 million euros.

In Poland, Biedronka’s sales amounted to 17,600 million euros, representing a year-on-year growth of 20.9%.

In the fourth quarter, Biedronka generated sales of 4,900 million euros, up 24.1% compared to the same period in 2021.

Hebe’s sales, in turn, were 358 million euros, up 28.7% compared to 2021, and in the fourth quarter alone were 106 million euros, up 25.9% compared to the same quarter of the previous year.

According to the same note, Hebe has expanded its store network in Poland by opening 30 stores for a total of 315 stores.

“At the end of the year and after a test period, Hebe opened its online operations in the Czech Republic and Slovakia,” he added.

In Colombia, Ara sales rose 60.5% to €1,800m in 2022, up from €477m in the fourth quarter alone, up 38.5%.

Ara opened 275 stores in the reporting year, 189 of which in the last quarter.

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Shares of Jerónimo Martins fell 1.22% to EUR 21.12 in today’s trading session.

Source: Observador

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