Jeronimo Martins SGPS SA (OTCPK:JRONF)
$ 19.23 0 (0%) Market Cap: 12.08 Bil Enterprise Value: 15.43 Bil PE Ratio: 18.06 PB Ratio: 4.05 GF Score: 91/100
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Nine Months 2024 Jeronimo Martins SGPS SA Earnings Call Transcript

Oct 31, 2024 / 09:00AM GMT
Release Date Price: $19.23
Ana Abreu Coelho Virginia
Jeronimo Martins SGPS SA - Member of the Managing Committee, Head - Finance and Data Privacy

Good morning, ladies and gentlemen, and thank you for joining this call to present our 9 months results. In our corporate website, you can find the results release, a slide presentation and fact sheet for the period.

2024 has been so far, extremely challenging. As expected, the combination of a rapid decrease in food inflation and significant cost increases, together with weak consumer demands are driving more intense competition and pressuring margins. Despite this demand in context, we have delivered on our key strategic targets to grow sales and strengthen market positions.

Our banners maintain their price competitiveness and continue to improve value propositions, ensuring consumer preference, consistently growing volumes and gaining market share. Notwithstanding the strong volume performance, EBITDA margin for the first 9 months was impacted by the operational deleverage generated from basket deflation and significant cost inflation. Still, the balance sheet

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