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Jerónimo Martins

Company nameJerónimo Martins SGPS, S.A.
Company typeSociedade Anónima
IndustryRetail, manufacturing
Founded1792
Founder(s)Jerónimo Martins
HeadquartersLisbon, Portugal
Key peopleAlexandre Soares dos Santos (Chairman), Pedro Soares dos Santos (CEO)
ProductsUnilever-branded fast moving consumer goods
ServicesDiscount, grocery and convenience stores; hypermarkets; cash-and-carry; pharmacies; foodservice outlets
Revenue-7.317 billion (2009)
Operating income-349.8 million (2009)
Net income-200.3 million (2009)
Employees53,800 (2009)

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Jerónimo Martins SGPS, SA (JM) is a Portugal-based company that operates in food distribution and consumer products manufacturing. The firm is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chains in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold since 1992; in November 2006 Ahold announced its intention to sell its interest but it continues to search for a buyer as of 2009.

Jerónimo Martins also owns the Biedronka supermarket chain in Poland and has industrial facilities in Portugal focused on the production of several Unilever brands. This is carried out through the joint venture company Unilever Jerónimo Martins, which is 45% owned by JM and 55% owned by Unilever.

Within Portugal and Madeira, JM also owns the Recheio chain of cash-and-carry stores.

Shares of Jerónimo Martins are listed on Euronext Lisbon and form part of the PSI-20 index.


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