Group’s sales, maintained a double-digit growth momentum. Proposal for a dividend distribution of 0,3220 EUR/share
Jumbo’s Board of Directors, taking into account the Group’s strong financial position and as the macroeconomic environment remains stable, decided at its meeting on June 13, 2023 to propose to the Annual General Meeting that will be held on July 5, 2023, the distribution of a dividend from 2022 profits, of a gross amount of 0,3220 EUR/share. If the proposal is approved at the Annual General Meeting, the payment will start on Tuesday 29.08.2023.
During 2022 Jumbo had proceeded with the payment of a gross amount of 1,1550 EUR/ share in a form of extraordinary cash distributions while in March 2023 Jumbo proceeded with an extraordinary cash distribution of a gross amount of 1,1550 EUR/ share.
Regarding May’s sales performance, neither the unstable weather conditions nor the prolonged pre-election period, were strong enough headwinds to halt the double-digit sales growth of the JUMBO Group.
In the regular update of the shareholders, it is noted that during May 2023, Group’s increased by c. +11,7% y-o-y.
• Overall, for the first five months of 2023, the Group sales increased by c. 22% y-o-y
Sales performance by country:
Greece:
In May 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 13% y-o-y.
Overall, for the first five months of 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 23% y-o-y.
Cyprus:
The network's sales increased by c. 8% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 20% y-o-y.
Bulgaria:
The network's sales increased by c. 7% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 20% y-o-y.
Romania:
The network's sales increased by c. 13% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 19% y-o-y.
During 2022 Jumbo had proceeded with the payment of a gross amount of 1,1550 EUR/ share in a form of extraordinary cash distributions while in March 2023 Jumbo proceeded with an extraordinary cash distribution of a gross amount of 1,1550 EUR/ share.
Regarding May’s sales performance, neither the unstable weather conditions nor the prolonged pre-election period, were strong enough headwinds to halt the double-digit sales growth of the JUMBO Group.
In the regular update of the shareholders, it is noted that during May 2023, Group’s increased by c. +11,7% y-o-y.
• Overall, for the first five months of 2023, the Group sales increased by c. 22% y-o-y
Sales performance by country:
Greece:
In May 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 13% y-o-y.
Overall, for the first five months of 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 23% y-o-y.
Cyprus:
The network's sales increased by c. 8% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 20% y-o-y.
Bulgaria:
The network's sales increased by c. 7% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 20% y-o-y.
Romania:
The network's sales increased by c. 13% y-o-y in May 2023. Overall, for the first five months of 2023 the network's sales increased by c. 19% y-o-y.