- J. Martins’ 4Q net income was EU198 million, surpassing the estimated EU194.1 million, and marking a 16% increase year on year.
- The company’s gross profit stood at EU1.65 billion, a 14% increase from the previous year, although slightly lower than the estimated EU1.68 billion.
- Ebitda for the quarter was EU578 million, a 14% increase year on year, and beyond the estimated EU570 million.
- Net sales and services matched the estimate at EU8.16 billion.
- The Poland unit, Biedronka, saw like-for-like sales increase by 5.1%, slightly lower than the estimated 5.36%.
- Net sales and services for the year 2023 were EU30.61 billion, marking a 21% increase year on year.
- The gross profit for 2023 was EU6.25 billion, a 17% increase from the previous year, but slightly lower than the estimated EU6.42 billion.
- Ebitda for 2023 stood at EU2.17 billion, a 17% increase year on year, slightly surpassing the estimated EU2.16 billion.
- Ebitda margin for 2023 was 7.1% compared to 7.3% the previous year, slightly higher than the estimated 7.05%.
- The company’s board proposes a €0.655/share dividend.
- J. Martins’ capital expenditure for 2024 is expected to reach €1.2B, in line with 2023.
- The company anticipates further pressure on margins in 2024 due to a combination of rapid decrease in consumer food prices and high cost inflation increasing costs.
- High cost inflation is mostly due to the increase in salaries and rents in the countries where the company operates.
- Despite the challenges, J. Martins is confident in its value propositions and its ability to meet upcoming challenges.
- In Poland, Biedronka will maintain price leadership and prioritize sales growth.
- In Portugal, the company anticipates pressure on families from high interest rates, and expects consumption in 2024 to remain subdued.
- In Colombia, consumer demand is expected to remain subdued, although with lower pressure on consumers than in 2023. Ara will focus on protecting price leadership.
A look at Jeronimo Martins Sgps Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Jeronimo Martins Sgps Sa, a leading food distribution company in Portugal, Poland and Colombia, has been given an overall Smartkarma Smart Score of 2.5 out of 5. This score is based on the company’s performance in five key areas: value, dividend, growth, resilience and momentum.
With a value score of 2, Jeronimo Martins is considered to be fairly priced in the market. Its dividend score of 2 indicates that the company offers a moderate dividend yield. However, its growth score of 3 suggests that the company has potential for future growth. In terms of resilience, the company has a score of 3, indicating its ability to withstand economic downturns. And finally, with a momentum score of 3, Jeronimo Martins is showing positive momentum in the market.
Overall, Jeronimo Martins Sgps Sa has a mixed outlook, with room for growth and a solid foundation to weather any potential challenges. Investors may want to keep an eye on this company as it continues to expand its presence in the food distribution industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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