Presentation of Jumbo at the Hellenic Fund and Asset management Association

At the Annual Analysts’ Presentation that took place today at the Hellenic Fund and Asset management Association in Athens, the Group’s activities, the financial results of the Jumbo Group as well as the prospective of the financial year started in July 2016.

The financial year that ended in June 30th, 2016 recorded a significant increase in the turnover and profitability of the Group.

• Sales exceeded EUR 637,56 million compared to EUR 582,55 million of the previous 12 months implying an increase of 9,44% y-o-y.
• EBITDA, at Group level, reached EUR 183,71 million from EUR 159,29 million of the last fiscal year, implying an increase of 15,35% y-o-y.
• Respectively, the net earnings for the Group reached EUR 121,26 million from EUR 104,84 million, increased by +15,67% y-o-y.

The management of Jumbo Group, taking into account the economic conditions, the group performance and the trust demonstrated by the shareholders, will propose, among other issues, the distribution of a dividend of EUR 0,27 (gross) per share (after tax EUR 0,2430 per share) in the following Ordinary General Meeting.

During the first quarter (July - September 2016) of the current financial year, the sales of the Group amounted to EUR 170,23 million from EUR 152,62 million at the respective period of the last year, i.e. increased by 11,53%.

According to the Group's budget for the current financial year, sales are expected to range between 4% - 7%, while earnings are expected to remain at the same level of the previous year, as the VAT increase in Greece, the Euro / Dollar exchange rate and the continuing deflationary policy enforced in the Greek market are expected to press the gross margin profit.

The company's administration stated that it will come back with the latest estimates after the second quarter of the financial year (Christmas Season) when there will be a better view of the trends that have been formed, as a downtrend has been observed during the last 20 days concerning the sales of the stores in Greece compared to the previous year's sales for the corresponding period.

Concerning the financial year that started in July 2016, is it estimated that the new hyper-store of JUMBO Group will operate in Bulgaria in November, while the Group invests in two new hyper-stores in Romania, which are estimated to operate by Christmas 2017.

Moreover, the company, through partnerships, has a presence with stores that carry Jumbo brand in four countries (FYROM, Albania, Kosovo, Serbia). As for the next fiscal year, the branch network of the franchisers is expected to expand in countries that they are already operating, while is also expected the expansion of the commercial cooperation with the independent customer Kid Zone Sh.p.k, in Bosnia.