Jeronimo Martins SGPS S A : Resultados Primeiro Trimestre 2021
April 29, 2021 at 04:13 am EDT
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2021 | Q1 Results
April 29, 2021
Introductory note
The performance analysis in this presentation is presented under IFRS16.
The Financial Statements excluding the effect of the IFRS16 are presented in the Appendix of this presentation.
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INDEX
2021 Q1 HIGHLIGTHS
2021 Q1 | THE OPERATING CONTEXT
KEY FIGURES
Income Statement
Cash Flow
Balance Sheet
SALES PERFORMANCE
Group
Biedronka
Hebe
Pingo Doce
Recheio
Ara
EBITDA
EBITDA Performance
EBITDA Margin
2021 Q1 | SUMMARY
APPENDIX
OUTLOOK 2021
FINANCIAL STATEMENTS
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0. 2021 Q1 | HIGHLIGHTS (1/2)
Sales up by 1.5%
(+5.7% in local
currencies)
EBITDA up
by 4.0%
(+8.9% in local
currencies)
Focus on growing sales by prioritising consumers and their needs drove strong sales delivery and allowed the capture of anticipated Easter benefit
EBITDA growth ahead of sales due to sound top line performance, good delivery from efficiency programmes and lower Covid-19 related costs
First quarter performance is difficult to read due to calendar effects related to Easter and the beginning of the pandemic crisis in March 2020
Nevertheless it is clear that all banners delivered well on key priorities
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0. 2021 | HIGHLIGHTS (2/2)
Strong overall sales performance and good cost control driving sound start to the year Material negative FX impact
Q1 20
Q1 21
Net Sales & Services
4,715
+1.5%
4,786
(Excl. FX)
+5.7%
EBITDA
309
+4.0%
322
(Excl. FX)
+8.9%
EBITDA Margin
6.6%
6.7%
Net Earnings
35
+66.3%
58
(Excl. Other profits/losses)
38
+57.2%
59
EPS
0.06
0.09
(Excl. Other profits/losses)
0.06
0.09
Net Debt
2,064
1,768
Excl. Capitalized operating leases
-137
-491
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Jeronimo Martins SGPS SA published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 08:12:08 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. 
