Portuguese group Jeronimo Martins ended last year with €10.9 billion in revenue, 10.5 percent more than in 2011. Jeronimo Martins can attribute the significant increase in revenue mostly due to Biedronka, their retail chain in Poland Biedronka, which recorded €6.7 billion in turnover last year.
Sales at Biedronka calculated in złoty increased by 18 percent and in euro – by 16.3 percent. Biedronka's high sales dynamics contributed to the increase of its share in Jeronimo Martins's turnover from 58.8 percent in 2011 to 61.9 percent last year.
From Warsaw Business Journal
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