Jeronimo Martins SGPS SA (OTCPK:JRONF)
$ 19.23 0 (0%) Market Cap: 11.94 Bil Enterprise Value: 15.52 Bil PE Ratio: 17.91 PB Ratio: 5.16 GF Score: 100/100
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Half Year 2023 Jeronimo Martins SGPS SA Earnings Call Transcript

Jul 27, 2023 / 08:00AM GMT
Release Date Price: $23.17
Operator

Good day, and welcome to Jerónimo Martins First Half Results 2023 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Ana Luísa Virgínia, Chief Financial Officer of Jerónimo Martins Group. Please go ahead, madam.

Ana LuÃ;sa Abreu Coelho VirgÃ;nia
Jerónimo Martins, SGPS, S.A. - CFO

­­ -

Good morning, ladies and gentlemen, and thank you for joining this call to present first half 2023 results. As you are already familiar with, in our corporate website, you can find the results release, a slide presentation and a fact sheet.

As we anticipated, consumer demand remained very challenging throughout the first 6 months of 2023 with persistent pressure on real household disposable income. Under current circumstances, with food inflation falling and cost inflation impacting our companies, continuous investment in price and in promotions is even more critical to drive volumes and protect the profitability of our businesses. As such, our banners maintained an

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