Annual Report 2023

Identity and responsibilities

Assets portfolio

Jerónimo Martins is a Group that holds assets in the food sector, mostly in distribution, with market leadership positions in Poland and Portugal. In 2023, the Group recorded sales of 30.6 billion euros, 70% of which by Biedronka, and an EBITDA of 2.2 billion euros, with Biedronka accounting for 85% of the amount. The Group had a total of 134,379 employees and ended 2023 with a market capitalisation of 14.5 billion euros on the Euronext Lisbon stock exchange.

A Pingo Doce employee stacking apples in a store (photo)
Biedronka (logo)

In Poland, Biedronka is a chain of food stores that combines the quality of its assortment, a pleasant store environment and proximity locations with the most competitive prices in the market. It is the undisputed leader in food retail and in 2023 it continued to increase its market share.

Hebe  (logo)

Also in Poland, Hebe focuses on the specialised retail of health and beauty products, managing a considerable assortment of products at competitive prices and an in-store consultation service. In 2023, Hebe continued to invest in its omnichannel approach, steadily growing the digital channel and strengthening its integration with the store network. Having begun its international online expansion in 2022, at the end of 2023 the Company opened two brick-and-mortar stores in Czechia, aimed at putting a face to the brand’s presence in this country, where growth will be driven through e-commerce.

In Portugal, the Group has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders in the supermarket and cash & carry formats, respectively.

Pingo Doce (logo)

Pingo Doce is a supermarket chain that has a restaurant area in most of its stores. It has two central kitchens that supply not only these restaurants, but also its in-store takeaway operation. Pingo Doce also operates the Bem-Estar para-pharmacies, petrol stations, and Code clothing stores (in partnership with a specialised Portuguese operator).

Recheio (logo)

Recheio operates a chain of cash & carry stores and has strengthened its business model with a specialised food service operation, underpinned by dedicated platforms, which essentially serve HoReCa customers with a delivery service. Recheio continues also to expand a network of traditional retail partners under the Amanhecer banner.

Ara (logo)

In Colombia, Ara is a chain of proximity food stores, mostly set up in residential neighbourhoods, offering quality at the best price and combining competitiveness with promotional opportunities in key categories for the Colombian consumer. Also in Colombia, Bodega del Canasto operates as a mini cash & carry, aiming for the traditional market (B2B), offering customised Private Brands and industry brands solution.

Jerónimo Martins Agro-Alimentar (JMA) (logo)

The main objectives of Jerónimo Martins Agro-Alimentar (JMA) are to ensure supply of some strategic products to the Group’s Companies and create quality differentiation. It currently operates in four distinct areas: dairy, livestock farming, aquaculture, and fruit and vegetables.

Jeronymo (logo)

The Group operates two specialised chains in Portugal: the Jeronymo coffee shops and kiosks; and the Hussel chocolate and confectionery chain.

More information about the Group Companies can be found under “Performance of the business areas”.


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