Positive messages from the market Without dividend for the financial year 2014/2015 with the support
Despite the general, extremely challenging, economic conjuncture, Greek consumers trust consistently the continuously-improving quality and service, offered by Jumbo stores.
During the Annual General Meeting of the shareholders of Jumbo Group, the management informed the shareholders-partners that during the first quarter of the new financial year the figures for the Group were better comparing to the initial expectations.
Given that the traditionally most critical -for the Group JUMBO- period of Christmas season is approaching, the positive momentum reiterated also during October.
The Ordinary General Meeting of Shareholders of JUMBO Group was held on Wednesday, November 11th, at the Company's offices.
388 shareholders attended the general assembly representing 78,28% of the share capital.
The shareholders, by vast majority, supported the management’s decision not to distribute dividend for the financial year 2014/2015. The management, from its side, promised that will review the dividend distribution issue in accordance to the course of the negotiation and the developments on the issue of capital controls.
• During the first quarter (July – September 2015) the sales for the Group reached € 152,63million from €145,51million at the respective period of last year implying an increase of 4,89% y-o-y.
• This performance is attributed to the slight decrease of sales of the stores in Greece while the stores in Cyprus, Bulgaria and Romania continued to record a dynamic growth rate.
• During October the stores in Greece also recorded a small increase in sales.
The preliminary data indicate that the first quarter results will be better from the Group's budget for the current financial year. However, the management reminded the shareholders that the most important quarter for the full year financial results is the second quarter, which includes the Christmas sales.
The management informed the shareholders that the results for the first quarter of the current financial year will be announced in detail on Monday, November 23rd after the closure of the market.
Regarding the opening of new stores shareholders were informed that in October the new store of the Group in Romania in Pitesti (12.000 sq.m.) began its operation. Today Jumbo store- network consists of 73 stores 53 out of which are located in Greece, 5 in Cyprus, 8 in Bulgaria and 7 in Romania and the e-jumbo online store.
During the Annual General Meeting of the shareholders of Jumbo Group, the management informed the shareholders-partners that during the first quarter of the new financial year the figures for the Group were better comparing to the initial expectations.
Given that the traditionally most critical -for the Group JUMBO- period of Christmas season is approaching, the positive momentum reiterated also during October.
The Ordinary General Meeting of Shareholders of JUMBO Group was held on Wednesday, November 11th, at the Company's offices.
388 shareholders attended the general assembly representing 78,28% of the share capital.
The shareholders, by vast majority, supported the management’s decision not to distribute dividend for the financial year 2014/2015. The management, from its side, promised that will review the dividend distribution issue in accordance to the course of the negotiation and the developments on the issue of capital controls.
• During the first quarter (July – September 2015) the sales for the Group reached € 152,63million from €145,51million at the respective period of last year implying an increase of 4,89% y-o-y.
• This performance is attributed to the slight decrease of sales of the stores in Greece while the stores in Cyprus, Bulgaria and Romania continued to record a dynamic growth rate.
• During October the stores in Greece also recorded a small increase in sales.
The preliminary data indicate that the first quarter results will be better from the Group's budget for the current financial year. However, the management reminded the shareholders that the most important quarter for the full year financial results is the second quarter, which includes the Christmas sales.
The management informed the shareholders that the results for the first quarter of the current financial year will be announced in detail on Monday, November 23rd after the closure of the market.
Regarding the opening of new stores shareholders were informed that in October the new store of the Group in Romania in Pitesti (12.000 sq.m.) began its operation. Today Jumbo store- network consists of 73 stores 53 out of which are located in Greece, 5 in Cyprus, 8 in Bulgaria and 7 in Romania and the e-jumbo online store.