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Dino Polska SADino retailer's stock price up by 3.56 pct after publication of Biedronka's results
Listed supermarket chain Dino's share price rises by 3.56 percent to PLN 337.50 (EUR 77.86) at 09:50 local time. Portugal's Jeronimo Martins Group, the owner of Poland's largest retail chain Biedronka, reported that Bierdronka's revenue in the third quarter of 2024 by 2.6 percent.
Revenues of the Biedronka chain increased in the first nine months of 2024 by 3.9 percent year on year in local currency to EUR 17.46 billion and increased by 2.6 percent in PLN in the third quarter, amounting to EUR 5.921 billion.
LFL sales decreased by 0.7 percent in the first nine months of the year and decreased by 1.9 percent in the third quarter.
Biedronka's EBITDA amounted to EUR 1.34 billion in the first three quarters of 2024 versus EUR 1.35 billion a year prior. The margin fell to 7.7 percent from 8.6 percent in the prior year period.
Jeronimo Martins' CAPEX in the first nine months of the year amounted to EUR 648 million, compared to EUR 790 million a year ago, including Biedronka's CAPEX at EUR 253 million.
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