date:Jul 30, 2014
Portuguese retailer Jeronimo Martins on Tuesday posted a slightly steeper-than-expected 8 percent drop in second-quarter net profit due to tough price competition in its key market Poland.
It also said its EBITDA margin fell to 5.6 percent in the first half of the year from 6.2 percent a year ago, and expected the EBITDA margin evolution for 2014 to be broadly in line with that performance.
The very competitive environment that requires us to maintain our price investments together with the st