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Profit of Jeronimo Martins, owner of the Biedronka chain of stores (Q4 2023)

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The Jeronimo Martins Group, the owner of Biedronka, had a profit of EUR 198 million in the fourth quarter of 2023, which is 15.8 percent more than a year ago – the company said in a report.

Revenues increased by 16.7% during this period. up to EUR 8.15 billion. The company’s EBITDA amounted to EUR 578 million, which means an increase of 14.1%. rdr. Throughout 2023, the group’s EBITDA increased by 17%. year on year to EUR 2.16 billion with revenues of EUR 30.6 billion (an increase of 20.6%). The net profit of the parent company amounted to EUR 756 million (an increase of 28.2%).

Biedronka’s profit and revenues in 2023

Biedronka’s EBITDA in 2023 amounted to EUR 1.83 billion compared to EUR 1.54 billion a year earlier.

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“Volume growth was positive throughout 2023, contrasting with the decline in volumes recorded in the Polish grocery retail sector,” it said.

In the fourth quarter, the EBITDA margin was 8.5%. compared to 8.7 percent in the fourth quarter of 2022

EBITDA is net profit to which financial costs, tax costs and depreciation costs of both intangible assets and legal assets have been added fixed assets.

The largest trading companies in Poland

Biedronka and Lidl are the largest retail chains in Poland, taking into account the amount of revenue in 2023. This is according to data collected by Forbes. The Biedronka chain, which belongs to Jeronimo Martins Polska, generated revenues of PLN 85.03 billion last year. This means an increase of almost a quarter (24.6%) compared to the situation a year earlier. The Biedronka chain has nearly 3,500 stores.

Lidl was in second place with revenues of PLN 33.37 billion, after an increase of 24.1%. Every year. The company has approximately 900 stores in Poland. Eurocash was classified on the lowest step of the podium – PLN 30.86 billion, an increase of 17.4%.

The Dino chain was also among the leaders, with 2,406 stores at the end of last year. In 2023, the company generated revenues of PLN 19.80 billion, after an annual increase of as much as 48.2%. This is the largest increase among the ten largest retail chains in Poland. He owns supermarkets Tomasz Biernacki, who was ranked 462nd on the list of the richest people in the world prepared by Bloomberg. His fortune was estimated at USD 5.85 billion, i.e. the equivalent of over PLN 23 billion.

Main photo source: Shutterstock



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