Biggest FMCG retailer Jeronimo Martins ups LFL sales in Poland by 6.4% in 2012.

By bne IntelliNews January 14, 2013
Portugal's Jeronimo Martins Polska - the owner of Poland's biggest discount FMCG stores network Biedronka - increased its like-for-likes (LFL) sales in Poland by 6.4% y/y in 2012, according to JM's report. Biedronka posted a growth for the year of 18.0% in the zloty (+16.3% in the euro), achieving sales of EUR 6.7bn (vs. the entire group's sales growth of .10.5% to EUR 10.9bn). The performance in Poland was driven by the execution of its strong expansion plan which in 2012 resulted in the opening of 263 new stores, an increase of 16.9% of the selling area, the firm said. JM also said that the fact that Biedronka has achieved, relative to the market, stronger growth in the last quarter of the year gives the firm the confidence that it is very well positioned to face the slowdown in the growth of the economy.
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