Portugal news & analysis

22 May 2013
SPAR International has reported worldwide retail sales up 2.8% in 2012, and revealed its new strategy: "Growing our future together." International expansion has always been a strategic goal SPAR's new strategy builds on its long-term objectives. It sets out the strategic objectives for 2013-2015 under three broad headings: Growing our partners - Developing a multi-format presenc...
15 May 2013
Sonae MC has reported turnover growth of 4% for the first quarter 2013, and EBITDA up by 22%.  Focused on delivering value to consumers Austerity measures in Spain and Portugal led to a reduction in private consumption - Sonae quoted figures estimating a fall of 3.9% in the first quarter. Despite this negative context, Sonae's increased levels of promotional activity helped drive s...
07 May 2013
DIA has reported gross sales up 1.8% and net sales up 0.4%, in euro terms, for the first quarter of 2013.  The growth rate in euros was hit by depreciation in the Argentinean and Brazilian currencies, a very negative calendar effect in all markets, and bad weather in Iberia.  Spain outperforms Portugal, France still challenging Net sales in Iberia were up 0.5% and like-for-like gross sale...
02 May 2013
Metro Group has reported EBIT (before special items) of €14m, compared to €-8m in Q1 2012, due to earnings improvements at Real, Media-Saturn and other areas of the business.  Group sales down slightly Group sales for the period January to March were €15.5bn, a slight decrease of 0.9% vs. the previous year. This year included three fewer trading days, and the unseasonably cold weather af...
24 April 2013
Portuguese group Jerónimo Martins has reported consolidated sales up 16% to €2.8bn in the first quarter of 2013, with Polish chain Biedronka increasing sales by 20%.  Strong like-for-likes in Poland, expansion remains priority Biedronka achieved like-for-like growth of 8.8% for Q1, with both basket size and number of visits contributing. The fresh focus rollout was completed in September...
14 March 2013
Sonae has reported group EBITDA down 0.3% for the year ended December 2012, but growing recurrent EBITDA for its food retail business.  Increased efficiencies boosted market share Despite the difficult macroeconomic environment, and reduction in private consumption mentioned in its full year sales announcement , Sonae said it became more efficient in 2012 and gained market share.  Commen...
21 February 2013
DIA has reported net sales growth of 4.1% for 2012 (+5.2% excluding currency effect), and adjusted EBITDA growth of 8.6% (+9.4% ex. currency effect) Tough comparatives in Q4 Net sales growth in the fourth quarter was 2.4% (+4.4% ex. currency effect).  A tough comparison in Q4 2011, weak business conditions in Turkey and depreciation in the Brazilian and Argentine currencies meant a lower...
24 January 2013
Portuguese retailer Sonae MC's preliminary results statement for 2012 shows turnover down by 1.4% year-on-year. Sonae MC outperforms market Sonae MC's sales for 2012 were €3,281m, down 1.4%, despite the impact of a store closure.  Sonae put a positive spin on these results, highlighting their outperformance against a market in which private consumption showed a decline of around 6%.  Co...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...