Jerónimo Martins

Jerónimo Martins SGPS, S.A.
Company type
Sociedade Anónima
Euronext Lisbon: JMT
PSI-20 component
ISINPTJMT0AE0001
IndustryRetail
Founded1792 (1792)
FounderJerónimo Martins
HeadquartersLisbon, Portugal
Key people
Pedro Soares dos Santos (CEO)
ServicesFood Distribution:

Specialised Retail:

  • Health and beauty stores
  • Coffee shops
Agribusiness
Revenue€35.991 billion (2025)[1]
€646 million (2025)[1]
Number of employees
147,709 (2025)[1]
Websitewww.jeronimomartins.com

Jerónimo Martins SGPS, SA (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 6,500 stores in Portugal, Poland, Slovakia and Colombia.[2]

Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.

Operations

In Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores.

The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chain in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold Delhaize since 1982.[3]

The Group also operates in the specialized retail sector in Portugal, where Jerónimo Martins owns the Jeronymo coffee shops.

Jerónimo Martins owns Biedronka, the largest chain of discount stores in Poland, which generates approximately 70% of the Group’s total sales[2]. Also in Poland, the Group operates the health and beauty and cosmetic chain Hebe.[4]

In 2013, Jerónimo Martins Group started its operations in Colombia with the opening of the first Ara stores as well as its first distribution centre.[5]

Since 2025, Biedronka has been developing a food retail operation in Slovakia and opened the first Biedronka store in March 2025.[2]

Former operations

It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[6] a stake in Eurocash, a cash-and-carry in Poland;[7] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[8]

Until 2016, Jerónimo Martins had industrial facilities focused on the production of several Unilever brands. This was carried out through the joint venture company Unilever Jerónimo Martins, which was 45% owned by JM and 55% owned by Unilever.[9]

Key figures

Year Sales (in million €) EBITDA (in million €) Net profit (in million €)
2025[1] 35,991 2,480 646
2024[2] 33,464 2,232 599
2023[10] 30,608 2,168 756
2022[11] 25,385 1,854 590
2021[12] 20,889 1,585 463
2020[13] 19,293 1,423 312
2019[14] 18,638 1,045 433
2018[15] 17,337 960 401
2017[16] 16,276 922 385
2016[16] 14,622 862 593
2015[17] 13,728 800 333
2014[17] 12,680 733 302
2013[18] 11,829 777 382

See also

References

  1. ^ a b c d "Results Presentation 2025" (PDF). Retrieved 22 Apr 2026.
  2. ^ a b c d "Results Presentation 2024" (PDF). Retrieved 25 March 2025.
  3. ^ "Celebrations in 2015 (Annual report 2015)". Jerónimo Martins. Archived from the original on 8 February 2018. Retrieved 7 February 2018.
  4. ^ "Jeronimo Martins - Specialised Retail". Jerónimo Martins. Retrieved 7 February 2018.
  5. ^ "Jerónimo Martins Group starts operations in Colombia". Jerónimo Martins. Retrieved 29 October 2013.
  6. ^ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. Retrieved 2 January 2010.
  7. ^ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. Retrieved 2 January 2010.
  8. ^ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. Retrieved 2 January 2010.
  9. ^ "Dona do Pingo Doce compra totalidade da Monterroio". Dinheiro Vivo. Archived from the original on 8 February 2018. Retrieved 7 February 2018.
  10. ^ "Results Presentation 2023" (PDF). Retrieved 9 October 2024.
  11. ^ "Results Presentation 2022" (PDF). Retrieved 9 October 2024.
  12. ^ "Results Presentation 2021" (PDF). Retrieved 9 March 2022.
  13. ^ "Annual report 2020" (PDF). Retrieved 9 March 2022.
  14. ^ "Annual report 2019" (PDF). Retrieved 9 March 2022.
  15. ^ "Annual report 2018" (PDF). Retrieved 9 March 2020.
  16. ^ a b "Annual report 2017" (PDF). Retrieved 13 August 2018.
  17. ^ a b "Annual report 2015" (PDF). Retrieved 13 August 2018.
  18. ^ "Annual report 2013" (PDF). Retrieved 13 August 2018.
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