JUMBO Group, being faithful to the promise given to its shareholders, for continuous, timely and valid information, announces today the latest developments regarding the sales and store openings during the recent months.
With a previous announcement, shareholders were informed that during the first quarter of the current financial year, July 2018- September 2018, sales of the Group increased by approximately + 6% y-o-y, due to the Greek stagnation.
Both October and November demonstrated an upward trend due to the improved performance of the stores in Greece and as a result the Group's total sales for the period from July 2018 to November 2018 increased by + 8% y-o-y.
The Group's budget for the current financial year estimates an increase in sales in the range of + 5% and + 7%.
As every year, December is an important month due to the holiday season, which is why the management is committed to the briefing of investors shortly after the completion of the current 6-month period.
The Jumbo Group continues to invest dynamically.
Since July 2018, the Group has opened two stores in Romania. The first opened in Bucharest, in Romania at the end of September (approximately of 13.600 sqm), while on November 12, another privately owned store opened in Bacau (approximately 12.900 sqm).
Jumbo operates today 77 stores, 51 of which are located in Greece, 5 in Cyprus, 9 in Bulgaria and 12 in Romania. The Group also operates its online store www.e-jumbo.gr .
The Company has also a presence through partnerships in five countries with stores that operate under Jumbo brand name (FYROM, Albania, Kosovo, Serbia and Bosnia).
By the end of the current financial year (June 2019), the Group has scheduled to open one more store in Romania and one more at Northern Greece.
With a previous announcement, shareholders were informed that during the first quarter of the current financial year, July 2018- September 2018, sales of the Group increased by approximately + 6% y-o-y, due to the Greek stagnation.
Both October and November demonstrated an upward trend due to the improved performance of the stores in Greece and as a result the Group's total sales for the period from July 2018 to November 2018 increased by + 8% y-o-y.
The Group's budget for the current financial year estimates an increase in sales in the range of + 5% and + 7%.
As every year, December is an important month due to the holiday season, which is why the management is committed to the briefing of investors shortly after the completion of the current 6-month period.
The Jumbo Group continues to invest dynamically.
Since July 2018, the Group has opened two stores in Romania. The first opened in Bucharest, in Romania at the end of September (approximately of 13.600 sqm), while on November 12, another privately owned store opened in Bacau (approximately 12.900 sqm).
Jumbo operates today 77 stores, 51 of which are located in Greece, 5 in Cyprus, 9 in Bulgaria and 12 in Romania. The Group also operates its online store www.e-jumbo.gr .
The Company has also a presence through partnerships in five countries with stores that operate under Jumbo brand name (FYROM, Albania, Kosovo, Serbia and Bosnia).
By the end of the current financial year (June 2019), the Group has scheduled to open one more store in Romania and one more at Northern Greece.