Biedronka Drives Jerónino-Martins' FY09 Growth

Portuguese mass grocery retailer (MGR) Jerónino-Martins' Polish discount subsidiary Biedronka continued to drive wider group growth in 2009. Accounting for more than 50% of group turnover, annual sales at Biedronka increased 6% year-on-year (y-o-y) to EUR3.72bn while group sales strengthened by the same figure to EUR7.32bn in the year to December 31 2009. BMI notes that Biedronka registered a 6% euro currency denominated sales increase in spite of the Polish zloty's considerable depreciation against the euro over the period in

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