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Jeronimo Martins 

“Market Cap $10.59 B As of May 2014

At a Glance
  • Industry: Food Retail
  • Founded: 1792
  • Country: Portugal
  • CEO: Pedro Soares dos Santos
  • Website: www.jeronimomartins.pt
  • Employees: 76,810
  • Sales: $15.71 B
  • Headquarters: Lisbon
Forbes Lists

#978 Global 2000

  • #601 in Sales
  • #1137 in Profit
  • #1019 in Market value

#16 Innovative Companies

Profile

Jeronimo Martins SGPS SA engages in the production, distribution and selling of food and other fast moving consumer goods products. The company is a food specialist that operates in three different areas: Distribution, Manufacturing and Services. It operates in Distribution, through Pingo Doce, Recheio, Biedronka and ara, and in Manufacturing, through its holdings in Unilever Jeronimo Martins and in Gallo Worldwide. The company business portfolio also includes an area that covers marketing, representation and restaurant services. It operates through five business segments: Portugal Retail, Portugal Cash & Carry, Poland Retail, Portugal Manufacturing, and Others, Eliminations and Adjustments. The Portugal Retail segment comprises of business units Pingo Doce supermarkets. The Portugal Cash & Carry segment includes the wholesale business unit Recheio. The Poland Retail segment operates business unit with the brand Biedronka. The Portugal Manufacturing segment includes the joint-venture with Unilever, consolidated by the proportional Method. The Others, Eliminations and Adjustments segment includes business units with reduced materiality (Marketing Services and Representations, Restaurants in Portugal, Pharmacies and Drugstores in Poland, start-up costs of retail business in Colombia; the Holding companies; and Group’s consolidation adjustments. Jeronimo Martins SGPS was founded by Jeronimo Martins in 1792 and is headquartered in Lisbon, Portugal.

Mission and Strategy

The mission of the Jerónimo Martins Group is to satisfy the legitimate interests of Shareholders through a strategy focused on value creation and sustainable development.

MISSION

“Jerónimo Martins is a Portugal-based international Group operating in Food Distribution and Food Manufacturing, with a view to satisfying the needs and expectations of its stakeholders and the legitimate interests of its Shareholders in the short, medium and long term, while simultaneously contributing towards the sustainable development of the regions in which it operates”.

Jerónimo Martins has adopted value creation and sustainable development as the cornerstones of its mission, within the framework of its Corporate Responsibility.

STRATEGY

Value Creation

The Group’s strategic guidelines for value creation are based on four aspects:

 

  1. Continuous reinforcement of the balance sheet strength
  2. Risk management in asset value preservation
  3. Maximisation of economies of scale and synergies
  4. Promotion of innovation and a pioneering spirit as factors of development of competitive advantages 

These four aspects aim to achieve the following strategic objectives:

  • To achieve and consolidate a leading position in the markets in which it operates
  • To build and develop strong and responsible chains and brands
  • To ensure the balanced growth of its business units in terms of both sales and profitability 

In the pursuit of these objectives, the activities of the Group Companies are oriented towards the following lines of action:

  • Increasing price competitiveness and the value proposition
  • Improving operational efficiency
  • Incorporating technology updates
  • Identifying opportunities for profitable growth

Sustainable Development

The Group’s strategic orientation is also based on the incorporation of environmental and social concerns in the management of the value chain, in order to promote the sustainable development of the regions in which it operates and of surrounding communities.

In this context, we assume five priority commitments that form a framework for the pursuit of our activities:

  • Promoting Health through Food
  • Respecting the Environment
  • Buying Responsibly
  • Supporting Surrounding Communities
  • Being a Benchmark Employer 

In pursuing these commitments, the Group seeks to integrate cross-cutting guidelines for its activities into the processes and culture of its Companies, at various levels and with its various stakeholders:

  • Developing Private Brand product ranges of great nutritional quality and flavour and with a high level of food safety
  • Minimising negative environmental impacts resulting from its activities
  • Preferring, whenever possible and on equal terms, to buy on a local/national level and to develop lasting commercial relationships
  • Supporting the fight against hunger, malnutrition and social exclusion in 2 priority target groups: children/young people and the elderly
  • Promoting fair and competitive salary policies, the development of capital human and improvements in working conditions”

*Information from Forbes.com and Jeronimomartins.pt

**Video published on YouTube by “blancspace09