Jerónimo Martins

Jerónimo Martins SGPS, S.A.
S.A. (corporation)
Traded as Euronext: JMT
Industry Retail
Founded 1792
Founder Jerónimo Martins
Headquarters Lisbon, Portugal
Key people
 Pedro Soares dos Santos (CEO)
Services

Food Distribution:

Specialised Retail:

  • Health and beauty stores
  • Pharmacies
  • Coffee shops
  • Chocolate boutiques
Revenue €16.275 billion (2017)[1]
€385 million (2017)[1]
Number of employees
 104,203 (2017)[2][1]
Website www.jeronimomartins.com

Jerónimo Martins SGPS, SA (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

YearSales (in million €)EBITDA (in million €)Net profit (in million €)
2017[1]16,276922385
2016[1]14,622862593
2015[11]13,728800333
2014[11]12,680733302
2013[12]11,829777382

See also

References

  1. 1 2 3 4 5 "Annual report 2017" (PDF). Retrieved 13 August 2018.
  2. ↑ ""Jerónimo Martins reaches 100 thousand employees"". Dinheiro Vivo. Retrieved 8 February 2018.
  3. ↑ "Company Profile". Jerónimo Martins. Retrieved 25 September 2016.
  4. ↑ "Celebrations in 2015 (Annual report 2015)". Jerónimo Martins. Retrieved 7 February 2018.
  5. 1 2 "Jeronimo Martins - Specialised Retail". Jerónimo Martins. Retrieved 7 February 2018.
  6. ↑ "Dona do Pingo Doce compra totalidade da Monterroio". Dinheiro Vivo. Retrieved 7 February 2018.
  7. ↑ "Jerónimo Martins Group starts operations in Colombia". Jerónimo Martins. Retrieved 29 October 2013.
  8. ↑ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. Retrieved 2 January 2010.
  9. ↑ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. Retrieved 2 January 2010.
  10. ↑ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. Retrieved 2 January 2010.
  11. 1 2 "Annual report 2015" (PDF). Retrieved 13 August 2018.
  12. ↑ "Annual report 2013" (PDF). Retrieved 13 August 2018.
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