Apr 29, 2021 / 08:00AM GMT
Ana LuÃsa Abreu Coelho VirgÃnia - Jerónimo Martins, SGPS, S.A. - CFO
Good morning, ladies and gentlemen, and thank you for joining this call. As a reminder, the set of materials, including the release and a slide presentation are available in our corporate website. In the context of ongoing uncertainty on the evolution of the pandemic and its effects, we started 2021 with clear strategic priorities for our banners. There was no hesitation in pursuing growth while working on efficiency to protect profitability. All companies delivered well on both priorities despite a strong impact from currency devaluation.
Sales grew 5.7% at constant exchange rates, a growth of 1.5% in euro terms; and EBITDA increased ahead of sales, posting a growth of 8.9% and at constant exchange rates, a 4% increase in euro terms. We acknowledge that this first quarter is difficult to compare due to calendar effects that include part of the Easter impact in Q1 '21, and the COVID-19 disruption from March 2020. Notwithstanding, this was indeed a promising start to the year. The strength of
Q1 2021 Jeronimo Martins SGPS SA Earnings Call Transcript
Feb 14, 2024
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