Jerónimo Martins and BCP presented results after Wednesday’s stock market session and investors’ reactions are quite different. If Miguel Maya’s bank is decapitalizing, the owner of Pingo Doce is experiencing a sharp rise in value.
In a statement to the CMVM, Jerónimo Martins reported an increase in profits in the order of 10% in the first nine months of the year, up to 484 million euros. In the same period, the group, led by Pedro Soares dos Santos, recorded growth of 7.1% in terms of turnover, which reached 26.5 billion euros.
Investors reacted excitedly from the opening of this Thursday’s session. Around 11 am, the listed company is advancing 8.25% on the stock exchange and the shares reach 21.78 euros. This means that capitalization is in highs of the first week of September.
BCP continues to fall, despite the strong rise since the beginning of the year
Millenium BCP also presented results relating to activity in the period from January to September, with numbers that disappointed the markets.
The bank’s profit increased 8.7% up to 775.9 million euros, with signs of growth in Portugal and abroad. In the national market, there was an increase of 8% to 654 million euros, while abroad the increase was 19.8% and the net result reached 230.7 million.
In the same period, the number of mobile customers increased by 9% and the bank reached 7.2 million active customers. Even so, the numbers released did not meet existing expectations.
BCP bonds are falling 2.76% and stand at 0.7624 euros. Still, positive sentiment has been evident on a general basis for some years. Since the beginning of 2025, shares have appreciated by close to 60%.