Jerónimo Martins 2022 sales up 21.5% to €25B; Colombia growing fastest

  • Lusa
  • 13 January 2023

In the fourth quarter of last year alone, Jerónimo Martins sales were up 23% on a year earlier, at €7.0 billion.

Portugal’s Jerónimo Martins had group sales in 2022 up 21.5% to €25.4 billion, with sales in Portugal in its Pingo Doce chain of supermarkets increasing 11.2% to €4.5 billion, the company informed the Securities Markets Commission (CMVM) on Thursday.

“Group sales grew 21.5% (+23.9% at constant exchange rates) to reach 25.4 billion euros,” reads the statement.

In the fourth quarter of last year alone, Jerónimo Martins sales were up 23% on a year earlier, at €7.0 billion.

With regard to Portugal, the retail group noted that the generalised rise in prices saw food inflation of 13% (with a rate of 19.5% in the fourth quarter), while a “strong recovery” in tourism benefited its Horeca line (hotels, restaurants and cafes).

In the fourth quarter, Pingo Doce recorded sales of €1.2 billion, a 13.7% increase on the same period of the previous year.

In 2022, Pingo Doce opened 10 new stores and overhauled 37 existing ones.

Meanwhile, cash-and-carry chain Recheio, which celebrated its 50th anniversary last year, saw €1.2 billion in sales, up 27.7% on the year. In the fourth quarter alone, sales were up 25% on the year to €308 million.

In Poland, the Biedronka cash-and-carry unit had sales of €17.6 billion, up 20.9% on 2021. In the fourth quarter, sales were €4.9 billion, up 24.1% on a year earlier.

Also in Poland, sales at Hebe, meanwhile, totalled €358 million, 28.7% more than in 2021; in the fourth quarter alone, they totalled €106 million, up 25.9% on the year. According to the note, Hebe expanded its network in Poland, with 30 openings, for a total 315 stores.

“At the end of the year, and following a trial period, Hebe opened its online operations in Czechia and Slovakia,” the company note adds.

In Colombia, sales of the Ara chain grew 60.5% to €1.8 billion in 2022; in the fourth quarter alone they were €477 million, up 38.5%. Ara opened 275 new stores in the year, 189 of them in the last quarter alone, for an end-year total of 1,093 locations.

In Thursday’s stock market session, Jerónimo Martins shares fell 1.22% to €21.12.