Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Jeronimo Martins Stays Flexible After Colombia Cost, Dividend

Jeronimo Martins SGPS SA, Portugal’s biggest retailer, said it has the flexibility to exploit investment opportunities that may arise even after paying an extraordinary dividend and as it expands in Colombia and Poland.

“The performance of the business is robust and the capacity of the group to generate strong and sustainable cash flow have become more evident over the past 18 months,” Chief Financial Officer Alan Johnson said on a conference call yesterday. The extraordinary dividend “does not change in any way our current dividend policy.”

Jeronimo Martins, which owns the Pingo Doce supermarket chain in Portugal and Poland’s leading discount-store operator, Biedronka, plans to open its first stores in Colombia by the end of the first quarter of 2013, Rita Fragoso, a spokeswoman for the Lisbon-based company, said last month.

“We continue our preparations to start operations in Colombia and we will cover this in more detail at the investor day meeting in December,” said Johnson. Acquisitions may play a role in Jeronimo Martins’ plans to expand in the South American country, he said on March 8.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.