Consistent with statements and timely warnings to its shareholders – partners, Jumbo Group issues today its financial statements for the nine – month period of July 2006 – March 2007 (i.e. the third terminal of fiscal year 2006 – 2007) which totally coincide with the sizes about which the management had intimated in time through the Press, but also by the recent general assembly of the shareholders.
Total earnings of the Group have overcome even the most jubilant estimates of amalysts, as they reached the point of € 49,7 millions, increased to a + 46,9% rate, compared with last year.
It is a fact that early Easter period enforced the sizes of sales during the third terminal of fiscal year 2006 – 2007, resulting in an increase of the nine – month turnover to a rate of + 26%.
It is important to underline that for one more time the profit margins improved, with gross profit to improve to 51,14% from 50,14%, while the profit margin prior to tax, interest and amortization (EBITDA margin) shaped to 28,84% from 26,95%.
Finally, net profitability margin increased impressively to 18,46% from 15,83% as a rsult of the decrease of expenses in regard with the sales and of the increase of the productivity to the final line.
Increase in operational profits of the Group overcame 34% and reached to € 77,7 millions.
In Greece, profitability before taxes moves with +43%, in Cyprus with +35%, while the subsidiary of the Group in Bulgaria has not operated yet. The first JUMBO store in Bulgaria Sofia will be ready within 6 months, in October 2007, in order to fully operate in December 2007. Jumbo Group continues to invest dynamically in land market in Bulgaria and in Romania and will briefly communicate the construction of a second store in Bulgaria.