Jerónimo Martins SGPS S.A./€JMT

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About Jerónimo Martins SGPS S.A.

Jerónimo Martins SGPS S.A. is a multinational food distribution and retail company, primarily operating in the food retail sector. The company is known for its supermarket chains, including Pingo Doce in Portugal and Biedronka in Poland, which contribute significantly to its revenue. Founded in 1792, Jerónimo Martins has a long history as a family business, evolving over the centuries to become a major player in the European retail market. The company is headquartered in Lisbon, Portugal, and operates extensively across Poland, Portugal, and Colombia. Its strategic emphasis on cost efficiency, strong brand portfolio, and expansion in high-growth markets contribute to its competitive positioning in the industry.

Ticker

€JMT

Primary listing

XLIS

Employees

129,643

Headquarters

Lisbon, Portugal

JMT Metrics

BasicAdvanced
€14B
21.92
€0.98
0.47
€0.59
2.74%

Bulls say / Bears say

In the first half of 2025, net profit rose 6.6% to €269 million on a 6.7% increase in sales, while Q2 EBITDA jumped 16.5% to €620 million, underscoring the group’s resilience amid volatile market conditions (Reuters).
Shares jumped around 6% after Q1 2025 results beat market expectations, with net profit of €127 million topping the €104.8 million consensus and J.P. Morgan noting outperformance “on all relevant fronts” including Biedronka margins and group EBITDA (Reuters).
Jerónimo Martins beat Q2 estimates largely thanks to its Ara banner in Colombia, where local-currency sales grew 15.6% and EBITDA margins expanded, highlighting strong growth potential in high-growth markets (Reuters).
Q2 2025 net profit fell 9% to €142 million as fierce competition and cautious consumer spending, particularly in Poland, squeezed margins and prompted a 5% share drop, with the CFO warning that typical second-half sales gains may not materialize due to cost and margin challenges (Reuters).
In Q4 2024, net profit plunged 19.7% to €159 million and EBITDA margin slipped to 6.9% from 7.1%, hit by deep discounts in its core Polish chain and stubborn cost inflation, underscoring volatility in its largest market (Reuters).
Analysts flagged that Biedronka’s Q2 sales and margins landed at the low end of expectations, reflecting intense competitive pressures in its key Polish market and underscoring vulnerabilities in its core operations (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
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