Agência para o Investimento e Comércio Externo de Portugal


The sales performance is off to a solid start this year, at a time when restrictive measures are still in place in the three countries where the Group does business and amidst high uncertainty due to progression of the pandemic.

Sales grew 1.5% to 4.8 billion euros (+5.7% at constant exchange rates). EBITDA increased 4% (+8.9% at constant exchange rates) to 322 million euros, with the respective margin standing at 6.7% (6.6% in the same period in 2020), reflecting the combined effect of sales performance, the assertiveness of margin mix management, and the Companies’ cost discipline.


In Q1 were invested 78 million euros, of which 55% were channelled to Biedronka. Net Profit increased 66.3% to 58 million euros.