The net profit of Jerónimo Martins increased by 6.6% in the first half of the year compared to the same period last year, reaching 269 million euros.
During the first half of this year, “in a context of persistent global uncertainty, we remained true to our strategic priorities: ensuring price competitiveness; offsetting the pressure of operating with low food inflation and rising personnel costs; and executing investment programs,” stated the chairman and CEO in the earnings statement.
“The solid performance in the first six months reflects the assertive work of our brands on all fronts,” the manager continued, emphasizing that “the execution of the investment plan is progressing without hesitation.”
Pedro Soares dos Santos also highlighted “the launch of the Biedronka operation in Slovakia in the first quarter,” and the integration into the Ara chain, “which was completed at the end of July, of around 70 stores previously operated by Colsubsidio.”
The manager assured that the group will continue to closely monitor “consumer behavior” and remain flexible and agile in responding to family needs.
“While we innovate in our offerings and work on improving shopping experience and operational efficiency as critical long-term success factors, we will continue to address the environmental and social challenges our businesses face and uphold our sustainability agenda,” the manager concluded.
