Photo: Press Releases
Ladybug grows through 500 plus
Ladybugs great results thanks to the 500 plus
“controlled by the Portuguese Jeronimo Martins, Biedronka was able to make good use of the situation in which increased disposable income of Poles. Achieved strong sales growth, which has accelerated in the second quarter, “- says the article.
Sales LFL ( that is, on the same surface as the previous year) jumped by 9.9 per cent. – marks the “Puls Biznesu”. Taking into account the opening of new stores, we see that growth was double-digit 10.2 percent. – he added.
“500 plus brings increased consumption, although I do not think that is the sale of the food was the biggest beneficiary of this phenomenon,” – said the representative of the network Ana Luisa Virginia during a recent conference with analysts.
Ladybug well prepared for the 500 plus
“Ladybug was well prepared for this to take advantage of the effect of the program, and we expect its positive impact on results in the coming quarters” – assessed.
Ladybug is also becoming more profitable for the Portuguese. “She managed to increase profit margins at the EBITDA level of 0.2 per cent., To 8 percent. With the large increase in revenues, this means that the Polish network already responsible for almost 85 per cent. Profit Portuguese group” – sums up the “Puls Biznesu”.
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