Finance
Jeronimo Martins eyes 50% sales increase by 2030
Published by Global Banking & Finance Review®
Posted on March 20, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 20, 2025
2 min readLast updated: January 24, 2026
Jeronimo Martins aims to boost sales by 50% to 50 billion euros by 2030, focusing on expansion in Poland, Colombia, and Slovakia.
LISBON (Reuters) - Portuguese food retailer Jeronimo Martins hopes to increase its sales by nearly 50% to 50 billion euros a year by the end of the decade, its CEO said on Thursday, without revealing any details.
Speaking at a news conference after the company posted a 9.3% increase in 2024 sales to 33.5 billion euros ($36.3 billion), Pedro Soares dos Santos described the 50-billion-euro mark as "our great ambition", but said the exact strategy of how to achieve that was yet to be defined.
"The big challenge ... is to look at the coming five years and see where we really want to grow," he said, without ruling out acquisitions as one of the possible ways to grow.
Jeronimo Martins' largest market is Poland, where it runs the country's largest supermarket chain, Biedronka, and it has been expanding in Slovakia, as well as in Colombia.
For now, the company plans to invest around 1.1 billion euros in 2025, the same it invested last year, opening hundreds of new stores in Poland, Colombia, Slovakia and Portugal.
Shares in Jeronimo Martins were 1.5% lower in afternoon trading, underperforming the broader bluechip index in Lisbon, down 0.8%.
($1 = 0.9223 euros)
(Reporting by Andrei Khalip)
The article discusses Jeronimo Martins' goal to increase sales by 50% by 2030.
The company plans to expand in Poland, Colombia, and Slovakia.
The company plans to invest 1.1 billion euros in 2025.
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