Jerónimo Martins to invest almost half its Capex in growing its Biedronka Polish chain | Progresiv
The Jeronimo Martins Group, owner of the Biedronka chain, plans to spend approximately 700-750 million euros in investments in 2018. It wants to expand the Biedronka chain in Poland by 70-80 net stores - the company said in its annual report. 
In 2017, the group Capex amounted to 724 million euros. 121 stores of this chain were opened last year in Poland, 226 outlets were renovated and a new distribution center was created. 20 Biedronka stores were closed.
At the end of the year, the Biedronka chain had 2,823 stores.
The Jeronimo Martins Group estimates that Biedronka will use sales growth opportunities this year.
"The company is aware of the challenges and is prepared for market changes related to the introduction of a trade ban on Sunday" - it was written in the press release.
In 2017, Biedronka's sales increased by 13.2 percent. yoy, to 11.1 billion euros (10.4 percent y / y in local currency). LFL sales increased by 8.6 percent. yoy.
Biedronka's EBITDA increased by 13.8 percent. rdr to 805 million euros. The EBITDA margin was 7.3 percent, compared to year-on-year.
Sales of the entire Jeronimo Martins group increased by 11.3 percent. up to 16.3 billion euros.
EBITDA of the group increased by 7 percent. rdr to 922 million euros. The net profit of the parent company amounted to EUR 385 million against EUR 593 million a year earlier. After excluding Monterroio sales in 2016, net profit increased by 6.7 percent. yoy. (www.biznes.pap.pl)
