Jeronimo Martins SGPS S A : Jerónimo Martins invests 11 million euros in Portugal in annual bonuses for store and distribution centre employees
April 21, 2021 at 12:04 pm EDT
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In Portugal, around 23,000 employees receive an individual bonus of 500 euros.
In the past five years, and in Portugal alone, the accumulated value of this extraordinary bonus exceeded 45 million euros.
More than 80,000 of the Group's employees, considering all three countries, received this bonus.
In this bonus, transversal to the three countries, the Group invested around 50 million euros, approximately 16% of its net profit in 2020.
The Group allocated a total of 189 million euros to employees in bonuses in 2020.
The Jerónimo Martins Group will invest approximately 11 million euros in Portugal to award an annual extraordinary bonus to 23,000 of its operations employees (stores and distribution centres), which will be paid with their wages in April.
This bonus recognises the work and contribution of these employees to the Group's results, particularly in a year as challenging as 2020, and is also paid to employees in Poland and Colombia, reaching a total of approximately 80,100 employees.
In Portugal, 84% of eligible employees will be receiving this individual bonus in the amount of 500 euros, which is paid on top to their variable monthly pay and the employee support programmes and initiatives focusing on healthcare, education and family well-being. In 2020, and in Portugal, the Group invested over 3.2 million euros in these social responsibility programmes designed for its employees.
The Jerónimo Martins Group employs over 33,000 employees in Portugal, of a total of over 118,000 employees in the three countries where it does business.
This annual bonus is awarded on proposal by the Chairman, Pedro Soares dos Santos, and approved by the Jerónimo Martins' Board of Directors, translating into an overall investment of around 50 million euros, corresponding to approximately 16% of the Group's net profit in 2020.
It is the fifteenth consecutive year in which the bonus is award to operations employees in Portugal. In the past five years (2017-201), total investment has exceeded 45 million euros in the country, and 190 million in the three countries combined (Portugal, Poland and Colombia).
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Jeronimo Martins SGPS SA published this content on 21 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2021 16:03:03 UTC.
Jerónimo Martins, SGPS, S.A. is a Group that holds assets in the food sector, mostly in distribution, with market leadership positions in Poland and Portugal. In 2023, the Group recorded sales of 30.6 billion euros and an EBITDA of 2.2 billion euros. The Group had a total of 134,379 employees and ended 2023 with a market capitalisation of 14.5 billion euros on the Euronext Lisbon stock exchange.
In Poland, Biedronka, representing 70% of Group sales and 85% of its EBITDA, is a chain of food stores and the undisputed leader in food retail and in 2023 it continued to increase its market share. Also in Poland, Hebe focuses on the specialised retail of health and beauty products, managing a considerable assortment of products at competitive prices and an in-store consultation service. At the end of 2023 Hebe opened two stores in Czechia, aimed at putting a face to the brand's presence in this country, where growth will be driven through e-commerce.
In Portugal, the Group has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders in the supermarket and cash & carry formats, respectively. Pingo Doce is a supermarket chain that has a restaurant area in most of its stores. It has two central kitchens that supply not only these restaurants, but also its in-store takeaway operation. Recheio operates a chain of cash & carry stores and has strengthened its business model with a specialised food service operation, underpinned by dedicated platforms, which essentially serve HoReCa customers with a delivery service. Recheio continues also to expand a network of traditional retail partners under the Amanhecer banner. Jerónimo Martins Agro-Alimentar currently operates in four distinct areas: dairy, livestock farming, aquaculture, and fruit and vegetables. The Group also operates two specialised chains, the Jeronymo coffee shops and kiosks and the Hussel chocolate and confectionery chain.
In Colombia, Ara is a chain of proximity food stores, mostly set up in residential neighbourhoods, offering quality at the best price and combining competitiveness with promotional opportunities in key categories for the Colombian consumer. Also in Colombia, Bodega del Canasto operates as a mini cash & carry, aiming for the traditional market (B2B), offering customised Private Brands and industry brands solution.
JERÓNIMO MARTINS, SGPS, S.A. 
