JUMBO dividend 0,27EUR/share
JUMBO Group keeps its promises to its shareholders-partners and restores the dividend that was not distributed last year -due to extremely complex economic conditions- increased by 50%.
From July 2015 until June 2016, during the period of capital controls, characterized by great uncertainty and unprecedented economic difficulties, Jumbo stores stood beside the Greek citizens and won the trust of the consumers abroad.
Group sales increased by 9,44% y-o-y at EUR 637,56 million from EUR 582,55 million, which was the turnover of the previous financial year.
• The stores in Greece and Cyprus recorded an increase in their sales of approximately 4% and 5% respectively.
• The performance of the stores in Romania continues to be impressive as their turnover almost doubled.
• The stores in Bulgaria improved the sales growth that recorded during the first half of the year, achieving a weighted average growth over 12% per store.
The management of Jumbo Group, taking into account the economic conditions, the group performance and the trust demonstrated by the shareholders during the last year, announced that an Extraordinary General Meeting will be held on July 27 in order to decide, among other issues, the distribution of extraordinary dividend of EUR 0,27 (gross) per share (after tax EUR 0,2430 per share) from taxed and undistributed profits of past financial years.
The Company's objective continues to be the better management of the existing network and infrastructure by revaluating and upgrading the existing stores.
The expansion of the network is also intended in places, where the Company has had no presence so far by establishing new stores in the following years.
In the context of this network restructuring, the Group terminated the operation of two small leased stores in the fiscal year that ended on 30.06.2016. In October 2015 the seventh store of the Group started its operation in Romania, in the city of Pitesti.
• As a result, the Group operates today, 71 stores in four countries. More specifically, there are 51 stores in Greece, 5 in Cyprus, 8 in Bulgaria, 7 in Romania and the online store www.e-jumbo.gr .
In addition, the Group also expanded its warehouses with the purchase of a new warehouse of approximately 36.000sq.m. in the region of Thiva, Greece. Consequently, the current covered area of privately owned warehouses of the Group, is approximately 300.000 sq.m..
During the second half of the fiscal year 2015/2016, Jumbo expanded its cooperation with the company “Veropoulos Dooel”, in Serbia where the first store under the Jumbo brand has already opened.
Concerning the financial year that started in July 2016, the Group aims to open three new Jumbo hyper-stores, one in Bulgaria and two in Romania, while the commercial agreement with the independent customer “Kind Zone Sh.p.k.” is expected to be expanded for Bosnia besides Albania and Kossovo.
From July 2015 until June 2016, during the period of capital controls, characterized by great uncertainty and unprecedented economic difficulties, Jumbo stores stood beside the Greek citizens and won the trust of the consumers abroad.
Group sales increased by 9,44% y-o-y at EUR 637,56 million from EUR 582,55 million, which was the turnover of the previous financial year.
• The stores in Greece and Cyprus recorded an increase in their sales of approximately 4% and 5% respectively.
• The performance of the stores in Romania continues to be impressive as their turnover almost doubled.
• The stores in Bulgaria improved the sales growth that recorded during the first half of the year, achieving a weighted average growth over 12% per store.
The management of Jumbo Group, taking into account the economic conditions, the group performance and the trust demonstrated by the shareholders during the last year, announced that an Extraordinary General Meeting will be held on July 27 in order to decide, among other issues, the distribution of extraordinary dividend of EUR 0,27 (gross) per share (after tax EUR 0,2430 per share) from taxed and undistributed profits of past financial years.
The Company's objective continues to be the better management of the existing network and infrastructure by revaluating and upgrading the existing stores.
The expansion of the network is also intended in places, where the Company has had no presence so far by establishing new stores in the following years.
In the context of this network restructuring, the Group terminated the operation of two small leased stores in the fiscal year that ended on 30.06.2016. In October 2015 the seventh store of the Group started its operation in Romania, in the city of Pitesti.
• As a result, the Group operates today, 71 stores in four countries. More specifically, there are 51 stores in Greece, 5 in Cyprus, 8 in Bulgaria, 7 in Romania and the online store www.e-jumbo.gr .
In addition, the Group also expanded its warehouses with the purchase of a new warehouse of approximately 36.000sq.m. in the region of Thiva, Greece. Consequently, the current covered area of privately owned warehouses of the Group, is approximately 300.000 sq.m..
During the second half of the fiscal year 2015/2016, Jumbo expanded its cooperation with the company “Veropoulos Dooel”, in Serbia where the first store under the Jumbo brand has already opened.
Concerning the financial year that started in July 2016, the Group aims to open three new Jumbo hyper-stores, one in Bulgaria and two in Romania, while the commercial agreement with the independent customer “Kind Zone Sh.p.k.” is expected to be expanded for Bosnia besides Albania and Kossovo.