Jeronimo Martins SGPS SA (OTCPK:JRONF)
$ 19.23 0 (0%) Market Cap: 12.24 Bil Enterprise Value: 15.61 Bil PE Ratio: 18.11 PB Ratio: 4.07 GF Score: 91/100
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Nine Months 2023 Jeronimo Martins SGPS SA Earnings Call Transcript

Oct 26, 2023 / 08:00AM GMT
Release Date Price: $22.99
Operator

Good day and welcome to the Jerónimo Martins First 9 Months Results 2023 Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ms. Ana Luisa Virginia, Chief Financial Officer of Jerónimo Martins Group. Please go ahead, madam.

Ana LuÃ;sa Abreu Coelho VirgÃ;nia
Jerónimo Martins, SGPS, S.A. - CFO

­­ -

Thank you, Nadia. Good morning, ladies and gentlemen, and thank you for joining this call to present our first 9 months 2023 results. As always in our corporate website, you can find the results release, a slide presentation and a fact sheet. Our consistent focus on price competitiveness drove the strong sales performance that limited the effects of high cost inflation on EBITDA margin in a context of declining food inflation. In the 9 months period, group sales increased by 22.1% to reach EUR 22.5 billion. At constant exchange rates, sales increased by 21.2%. Our commitment to price leadership and top line performance drove EBITDA to grow by 18% and to reach EUR 1.6

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