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Jeronimo Martins SGPS SAJeronimo Martins sees opportunities for better LFL sales in Poland in H2 2025, says CFO
Portuguese Jeronimo Martins Group, owner of Poland's largest retail chain Biedronka, sees opportunities for better LFL sales in Poland in the second half of 2025, company's CFO Ana Luisa Virginia told a conference call.
"It's going to be very challenging in terms of volumes, but I would say it's going to be slightly less challenging than the first half of the year. (...) I expect us to have better like-for-like," CFO Virginia assessed.
She added that Jernimo Martins has to be mindful of the many factors that affect LFL sales, mentioning the consumer, among others. In addition, she pointed out that there have been changes in Poland regarding the characteristics of the seasons.
"The weather in February is no better than in January and September. It seems that Poland no longer has a winter season, and this affects most of the factors [that can determine the improvement of LFL sales - PAP ed.]," Virginia pointed out.
Jeronimo Martins posted an attributable net profit of EUR 142 million in the second quarter of 2025, down 8.9 percent year on year, according to the company's financial report published on Friday.
Revenues increased by 9.6 percent to EUR 9.02 billion. The company's EBITDA amounted to EUR 620 million, up 3.8 percent year on year.
In the second quarter of 2025, Biedronka's revenues increased by 9.7 percent year on year in local currency to EUR 6.4 billion. LFL sales, on the other hand, rose by 5.3 percent. As Jeronimo Martins indicated in the report, this was a result of the Easter holidays.
mcb/ ao/
