Annual Report 2023

Message from the chairman

Pedro Soares dos Santos, Chairman and CEO of the Jerónimo Martins Group (portrait)

Message from

the chairman

Message from the chairman

“Given the challenging international climate, the fact that we exceeded 30 billion euros in sales, 5.2 billion more than in 2022, is even more rewarding.”

Pedro Soares dos Santos
Chairman and CEO of the Jerónimo Martins Group

Read the ceo letter

Results 2023

Results 2023

Our determination to keep prices low led us to outperform in all markets. Strong sales growth protected the Group’s profitability.

30,608 M€

Sales
+ 20.6%

2,168 M€

EBITDA
+ 17.0%

756 M€

Net profit
+ 28.2%

134,379

Employees

1,209 M€

Investment programme
(CAPEX)

5,771

Stores

to our results

Stories

  • Small boat from above leaving an s-shaped trail in the water (photo)

    in a world full of filters,

    We choose
    Transparency

    Our food retail strategy is based on a mass market approach, which means we are focused on working with volumes and offering the best saving opportunities for those who visit our stores every day.

    read story
  • Close-up of a hand holding an ice cream box, top facing the camera (photo)

    in a world full of uncertainty,

    We give reasons to
    trust

    Pingo Doce is the first and only retailer in Portugal to eliminate all flavour enhancers and artificial colouring from its Private Brand products. Product reformulation achieved by all our Companies aims at promoting good health through food.

    read story
  • Smiling woman picking fruits from the fruit shelf in a supermarket (photo)

    in a world full of noise,

    We choose to
    listen

    Product affordability, product safety and quality standards, sustainable and responsible criteria in the supply chain: these are the three critical topics identified by our stakeholders in our first double materiality assessment held in 2023.

    read story
  • Road intersection with two trucks crossing a bridge over a six-lane road (photo)

    in a world full of words,

    We take
    action

    When information is everywhere, talk is cheap. From climate change to the loss of biodiversity, from food waste to decarbonisation, there are a lot of challenges to address. Instead of just talking about them, at Jerónimo Martins we choose to do our part.

    read story
  • Employee restocking products in a supermarket shelf (photo)

    in an increasingly divided world,

    We embrace
    Inclusion

    João Pimenta has a 95% degree of visual impairment. He is one of our more than 1,600 employees with disabilities working at Jerónimo Martins and was trained in one of our award-winning Incluir centres.

    read story
  • Small boat from above leaving an s-shaped trail in the water (photo)

    in a world full of filters,

    We choose
    Transparency

    Our food retail strategy is based on a mass market approach, which means we are focused on working with volumes and offering the best saving opportunities for those who visit our stores every day.

    read story
  • Close-up of a hand holding an ice cream box, top facing the camera (photo)

    in a world full of uncertainty,

    We give reasons to
    trust

    Pingo Doce is the first and only retailer in Portugal to eliminate all flavour enhancers and artificial colouring from its Private Brand products. Product reformulation achieved by all our Companies aims at promoting good health through food.

    read story
  • Smiling woman picking fruits from the fruit shelf in a supermarket (photo)

    in a world full of noise,

    We choose to
    listen

    Product affordability, product safety and quality standards, sustainable and responsible criteria in the supply chain: these are the three critical topics identified by our stakeholders in our first double materiality assessment held in 2023.

    read story
  • Road intersection with two trucks crossing a bridge over a six-lane road (photo)

    in a world full of words,

    We take
    action

    When information is everywhere, talk is cheap. From climate change to the loss of biodiversity, from food waste to decarbonisation, there are a lot of challenges to address. Instead of just talking about them, at Jerónimo Martins we choose to do our part.

    read story
  • Employee restocking products in a supermarket shelf (photo)

    in an increasingly divided world,

    We embrace
    Inclusion

    João Pimenta has a 95% degree of visual impairment. He is one of our more than 1,600 employees with disabilities working at Jerónimo Martins and was trained in one of our award-winning Incluir centres.

    read story

SUSTAINABILITY

Creating value in a sustainable way

Water resort with a road and fields around it (photo)
present in more than
130Sustainability indexes

Our responsibility practices are recognised by analysts and independent entities, proving that we are making a difference for our stakeholders.

learn more
Shopfront of a Biedronka store (photo)
–60%carbon footprint
per 1,000€ in sales, scopes 1 and 2, compared to 2017

We aim to achieve carbon neutrality in our own operations and in the value chain by 2050.

learn more
Close-up of sliced vegetables (photo)
+120,000 tonnes
“ugly” vegetables incorporated in food products since 2015

The soups and ready-to-eat meals we produce contain “ugly” yet nutritious vegetables that would otherwise go to waste.

learn more