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Full Year Results 2011

7 Mar 2012 | Jerónimo Martins SGPS, SA

2011: A year of strong growth and strengthened solidity

Net profit of the Jerónimo Martins Group rises to over 340 million euros

Main Group highlights

  • Net Sales rose 13% to 9.8 billion euros
  • Operational Cash Flow (EBITDA) rose 16% to 722 million euros (Biedronka represents 64% of the Group EBITDA)
  • Net Profit rose 21% to 340.3 million euros, increasing the profit per share to 0.54 euros
  • Net Debt fell to 228 million euros, with gearing at 16% (51% in 2010)
  • Capex of 449 million euros
  • Investment in Poland corresponded to 70% of the total investment programme of the Group
  • Distribution in Portugal received 121 million euros in investment
  • All the Group's Food Distribution formats and retail chains recorded above-average growth for their sectors, reinforcing their market positions
  • 5,200 jobs created
  • More than 6.8 million euros in direct support for surrounding communities
  • Announcement of decision to enter the Colombian market
  • Proposal of the distribution of a gross dividend of 0.275 euro per share (+ 31% vs 2010)

Page updated:7,of March of 2012