Jeronimo Martins
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Jeronimo Martins
Jerónimo Martins SGPS, S.A.
S.A. (corporation)
Traded asEuronextJMT
IndustryRetail
Founded1792
FounderJerónimo Martins
HeadquartersLisbon, Portugal
Key people
Pedro Soares dos Santos (CEO)
ServicesFood Distribution:

Specialised Retail:

  • Health and beauty stores
  • Pharmacies
  • Coffee shops
  • Chocolate boutiques
RevenueEUR16.275 billion (2017)[1]
EUR385 million (2017)[1]
Number of employees
104,203 (2017)[2][1]
Websitewww.jeronimomartins.com

Jerónimo Martins SGPS, SA Sociedade Aberta (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 3,600 stores in Portugal, Poland, and Colombia.[3]

The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chain in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold Delhaize since 1982.[4]

Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.

Operations

In Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores.

The Group also operates in the specialized retail sector in Portugal. Jerónimo Martins owns the Jeronymo coffee shops and the Hussel chocolate and confectionery stores.[5]

Until 2016, Jerónimo Martins had industrial facilities focused on the production of several Unilever brands. This was carried out through the joint venture company Unilever Jerónimo Martins, which was 45% owned by JM and 55% owned by Unilever.[6]

Jerónimo Martins also owns Biedronka, the largest chain of no-frills supermarkets in Poland. Also in Poland, the Group operates the health and beauty and cosmetic chain Hebe.[5]

In 2013, Jerónimo Martins Group started its operations in Colombia with the opening of the first Ara stores as well as its and the first distribution centre.[7]

Former operations

It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[8] a stake in Eurocash, a cash-and-carry in Poland;[9] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[10]

Key Figures

Year Sales (in million EUR) EBITDA (in million EUR) Net profit (in million EUR)
2017[1] 16,276 922 385
2016[1] 14,622 862 593
2015[11] 13,728 800 333
2014[11] 12,680 733 302
2013[12] 11,829 777 382

See also

References

  1. ^ a b c d e "Annual report 2017" (PDF). Retrieved 2018.
  2. ^ ""Jerónimo Martins reaches 100 thousand employees"". Dinheiro Vivo. Retrieved 2018.
  3. ^ "Company Profile". Jerónimo Martins. Retrieved 2016.
  4. ^ "Celebrations in 2015 (Annual report 2015)". Jerónimo Martins. Retrieved 2018.[permanent dead link]
  5. ^ a b "Jeronimo Martins - Specialised Retail". Jerónimo Martins. Retrieved 2018.
  6. ^ "Dona do Pingo Doce compra totalidade da Monterroio". Dinheiro Vivo. Retrieved 2018.
  7. ^ "Jerónimo Martins Group starts operations in Colombia". Jerónimo Martins. Retrieved 2013.
  8. ^ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. Retrieved 2010.
  9. ^ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. Retrieved 2010.
  10. ^ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. Retrieved 2010.[permanent dead link]
  11. ^ a b "Annual report 2015" (PDF). Retrieved 2018.
  12. ^ "Annual report 2013" (PDF). Retrieved 2018.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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