Jeronimo Martins: PSI's top gainer after 2017 sales

(CercleFinance.com) - On Friday Portuguese retailer Jeronimo Martins reported an 11.
3% rise in its 2017 sales, driven by a positive consumption environment in Poland, which has become its main market.

Group net sales achieved 16.3 billion euros last year, from 14.6 billion euros in 2016.

Polish unit Biedronka saw its sales rise 13.2% to 11.07 billion euros, helped by higher inflation and strategic measures to reinforce price perception and trigger additional sales, the retailer said.

After the report, the Jeronimo Martins share was the sharpest riser in Portugal's PSI index, adding 1.3% to 16.8 euros.

Jeronimo Martins said it will publish its full-year 2017 results after trading on 28 February 2018.

Copyright (c) 2018 CercleFinance.com. All rights reserved.