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Jeronimo Martins’ profit in the first half of the year grows 79% to 186 million – Company



Jeronimo Martins' profit in the first half of the year grows 79% to 186 million - Company

The first six months of the year, Jeronimo Martins made a profit. The owner of Pingo Doce reported a 78.9% increase in profit. Net income was € 186 million, up from € 104 million in the same period in 2020, when the company reported a 36% drop in profits due to the impact of the pandemic.

Consolidated sales rose 6.3% to € 9.9 billion. The company says “strong numbers” in sales have increased profitability. EBITDA increased by 12.6% to 715 million euros. EBITDA “includes Covid-19-related costs of € 10 million, up from € 29 million recorded in the first half of 2020.

The investment amounted to 200 million euros, 60% of which was allocated by Biedronka. According to the group, the first half of the year “was a period of strong cash generation”, “which reached 82 million euros, further strengthening the balance sheet. Good management of working capital flows in the 1st half of the year also contributed to the achievement of the results.20, as shown in At the time, they were impacted by lower sales growth and an unfavorable calendar. ”The group’s flagship flag, Poland’s Biedronka, saw sales in local currency increased by 9 , 8%, with sales up 7.7%. In euros, sales reached $ 7 billion, an increase of 6.8% over the same period last year. ” With the pandemic and the subsequent relaxation of restrictive measures, the number of store visits increased. Biedronka has benefited from more opportunities to interact with consumers, “the group explains.

Looking at the second quarter of 2021 alone, sales in euros grew 9.8% to 3.6 million EBITDA rose 6% to 624 million euros. Between January and June, 53 stores were opened and 153 were renovated.

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The Polish company Hebe recorded a 7.3% increase in sales to 123 million euros. In the second quarter, growth was 30.4% to 66 million. “Online sales have made a significant contribution to the overall performance of the company,” says the company, led by Pedro Soares dos Santos, and accounted for 14% of total sales for the quarter. “The brand is already testing its entry into new markets through its e-commerce platform,” he says.

“Depressive” consumption in Portugal

In Portugal, the company emphasizes that “consumption remained low due to a sharp drop in tourism activity.”

Pingo Doce sales also felt the limit on the number of people who can be in stores, as well as restrictions on restaurants and cafes and “low circulation in city centers.” Sales increased 4.6% to 1.9 billion euros per semester. In the second quarter, growth was 10.1% to € 993 million. Dynamism of Sales increased the operating leverage, while EBITDA increased by 29.2% to 112 million. Pingo Doce opened three stores in a semester and refurbished seven.

At Recheio, sales were similar to sales in the same period last year at € 398 million. Despite continued restrictions on restaurants and hotels, the banner benefited in the second quarter from restaurant reopening, “a slight recovery in tourism and a” better base to compare “than in the same period last year, leading to sales growth of 21.1 % up to 244 million euros.

In Colombia, Jeronimo Martins felt that the operating environment “has become increasingly challenging since April as the restrictions on pandemic control have tightened, albeit with less severity than in 2020.” The May protests in the country also “put pressure on the functioning of the market in some regions.” In local currency, Ara sales increased 20.9% semester, up 32.8% in the second quarter. In euros, semester sales were 473 million, an increase of 11.9%, and 237 million between April and June, an increase of 26.1%. In the first six months of 2021, Ara opened 41 new stores “in line with expansion targets.”

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For the remainder of 2021, the group maintains the outlook presented in March, “although uncertainty remains about the evolution of the pandemic and the extent and depth of its impact on the economy in which we operate,” the CMVM said in a statement.

The group expects Poland to be the country with “the strongest base for stimulating domestic consumption.” In Portugal, Geronimo Martins notes that “recovery in 2021 is still highly dependent on the evolving health crisis, progress in the vaccination program and its impact on the domestic market and tourism recovery.” By the end of the year, the group plans to invest 700 million euros, 60% of which in Biedronka, “if the restrictive measures that may still be applied in the markets in which we operate do not affect the ability to fulfill” the plan. …

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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