Jumbo Group, the largest retail company of toys, baby products, stationary and other relevant products in Greece, in its effort to keep the investors and its shareholders informed, announces that the first two months of the current financial year (July 2013- June 2014), had a dynamic start and sales increased more than 4%. It is reminded that according to the budget for the new fiscal year 2013-2014, the target is the sales increase between 2% and 4%.
The positive momentum in the Greek market during May and June continued while the stores in Cyprus and Bulgaria recorded a double-digit increase in turnover. It should be noted that September traditionally is the most important month of the first quarter as includes sales of products related to the opening of schools and constitutes about 10% of the annual sales.
• In July the Group opened the new owned store in Serres of Greece (9.000 sqm), and in August a leased store in Athens (11.000 sqm)
• Today, the Jumbo network includes 63 stores, 52 out of which are located in Greece, 3 in Cyprus and 8 in Bulgaria.
Until December 2013, the opening of the two leased hyperstores in Romania, one in Timisoara (13.000 sqm) and the other in Bucharest (14.000 sqm) is expected as well as the opening of the new leased store in Paphos of Cyprus (10.000 sqm). During the second half of the current financial year the opening of one owned store in Northern Greece (9.000 sqm) is expected.
During the summer there was also announced the decision regarding the percentage of uninsured deposits at the Bank of Cyprus which will be converted into shares.
• The final percentage was 47,5% and the relative loss of approximately € 24 million effected the financial results of the financial year that ended in June 2013.
Jumbo will announce the results of the financial year 2012/2013 on Thursday 26.09.2013 on the Athens Stock Exchange website (www.ase.gr) and on the Company’s website (www.jumbo.gr), after market close.