Jerónimo Martins
Portuguese trading company
From Wikipedia, the free encyclopedia
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]
| |
| Type | Sociedade Anónima |
|---|---|
| Euronext Lisbon: JMT
PSI-20 component | |
| ISIN | PTJMT0AE0001 |
| Industry | Retail |
| Founded | 1792 |
| Founder | Jerónimo Martins |
| Headquarters | Rua Actor António Silva n.º7
1649-033 Lisbon, Portugal, |
Key people | Pedro Soares dos Santos (CEO) |
| Services | Food Distribution:
Specialised Retail:
|
| Revenue | €35.991 billion (2025)[1] |
| €646 million (2025)[1] | |
Number of employees | 147,709 (2025)[1] |
| Website | www.jeronimomartins.com |
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 |