Biedronka on track to open 100 new stores this year.

6.5 percent each growth in the first quarter, turnover in the second was 8.8 percent. higher than a year ago, and sales amounted to EUR 7 billion in the first half of the year.
In six months, the network spent EUR 120 million on investments, which accounted for 60 percent. the budget of the Portuguese owner Jeronimo Martins group.

The chain already has 3,154 stores, the EBITDA margin was 8.9%. against 9 percent in the first half of 2020. The company reports that good LFL sales results, effective margin management, increased efficiency and cost discipline allowed Biedronka to ease the pressure related to the retail sales tax introduced in January 2021.

The company continues the implementation of the investment program for this year.

Biedronka opened 53 stores (39 net additions) and redeveloped 153 premises in the first half of the year.

“Biedronka has improved its ability to respond to consumer preferences. It has shown that it can maintain momentum and creates diversified commercial opportunities also in difficult times, such as at the beginning of this year when a new wave of Covid-19 infections hit Poland – and in easier ones, such as in the second quarter of this year”, says Pedro Soares dos Santos president of Jeronimo Martins.

The company plans to open 100 new stores this year.

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