Volatile and uncertain environment
The end of the first half of the new financial year, finds the JUMBO Group financially strong, with a positive sales growth rate, but in an uncertain and constantly changing environment regarding, the health crisis as well as the economic circumstances and the new facts related to the cost base.
In total, the sales of the Jumbo Group, during June 2021, ranged at the last year’s levels. As a result, the total sales for the Group during the first six months of the year (January-June 2021), were increased by approximately + 12,6% compared to last year’s corresponding period.
More specifically:
Greece:
In June 2021, all of the Group's stores in Greece continued to operate with a restriction on the number of customers allowed in the stores, demonstrating an increase along with the online store of approximately + 4% compared to June 2020.
However, the conscious and controlled restraint of the company's exports of goods to the 6 countries in which the Group is present through partnerships (Albania, Kosovo, Serbia, Northern Macedonia, Bosnia and Montenegro), led in June 2021 the net sales of the parent company - excluding intragroup sales – to demonstrate a small increase of approximately + 1%, compared to June 2020.
In total, during the first six months of the year (January-June 2021) the net sales of the parent company - excluding intragroup sales - were increased by approximately + 4% y-o-y.
Cyprus:
All stores continued to operate with a restriction on the number of customers allowed in the stores. During June 2021, sales decreased by approximately -3% y-o-y. As a result, for the first six months of 2021, sales were increased by approximately + 16% y-o-y.
Bulgaria:
The stores continued to operate with a restriction on the number of customers allowed in the stores. During June 2021, sales increased by approximately +5% y-o-y. As a result, for the first six months of 2021, sales were increased by approximately +18% y-o-y.
Romania:
During June, all Jumbo stores in the country continued to operate. In June 2021, sales decreased by approximately -4% y-o-y. During the first six months of 2021, sales were increased by approximately +35% y-o-y.
During the recent Annual General Meeting that was held on June 15, the management informed the shareholders regarding the fact that globally, the supply chain has been violently disrupted and balances of years have been overturned.
These extraordinary conditions create the need for a new strategy with regard to the purchasing plan and the new stores roll out plan.
However, the philosophy of Jumbo remains the same and the management of the company remains faithful to its policy of distributing dividend every year despite the difficult circumstances.
As already announced, the Company will proceed for 2021 to an extraordinary cash distribution from taxed and non-distributed profits of the financial year 2020, which is equivalent to a gross amount of EUR 0,47 per share, i.e. an amount equal to the dividend distributed for the 12-month financial year ended on 30.06.2019.
The cut-off date for extraordinary financial distribution has been set to be on 20.07.2021 and the payment will start on July 26, 2021.
In total, the sales of the Jumbo Group, during June 2021, ranged at the last year’s levels. As a result, the total sales for the Group during the first six months of the year (January-June 2021), were increased by approximately + 12,6% compared to last year’s corresponding period.
More specifically:
Greece:
In June 2021, all of the Group's stores in Greece continued to operate with a restriction on the number of customers allowed in the stores, demonstrating an increase along with the online store of approximately + 4% compared to June 2020.
However, the conscious and controlled restraint of the company's exports of goods to the 6 countries in which the Group is present through partnerships (Albania, Kosovo, Serbia, Northern Macedonia, Bosnia and Montenegro), led in June 2021 the net sales of the parent company - excluding intragroup sales – to demonstrate a small increase of approximately + 1%, compared to June 2020.
In total, during the first six months of the year (January-June 2021) the net sales of the parent company - excluding intragroup sales - were increased by approximately + 4% y-o-y.
Cyprus:
All stores continued to operate with a restriction on the number of customers allowed in the stores. During June 2021, sales decreased by approximately -3% y-o-y. As a result, for the first six months of 2021, sales were increased by approximately + 16% y-o-y.
Bulgaria:
The stores continued to operate with a restriction on the number of customers allowed in the stores. During June 2021, sales increased by approximately +5% y-o-y. As a result, for the first six months of 2021, sales were increased by approximately +18% y-o-y.
Romania:
During June, all Jumbo stores in the country continued to operate. In June 2021, sales decreased by approximately -4% y-o-y. During the first six months of 2021, sales were increased by approximately +35% y-o-y.
During the recent Annual General Meeting that was held on June 15, the management informed the shareholders regarding the fact that globally, the supply chain has been violently disrupted and balances of years have been overturned.
These extraordinary conditions create the need for a new strategy with regard to the purchasing plan and the new stores roll out plan.
However, the philosophy of Jumbo remains the same and the management of the company remains faithful to its policy of distributing dividend every year despite the difficult circumstances.
As already announced, the Company will proceed for 2021 to an extraordinary cash distribution from taxed and non-distributed profits of the financial year 2020, which is equivalent to a gross amount of EUR 0,47 per share, i.e. an amount equal to the dividend distributed for the 12-month financial year ended on 30.06.2019.
The cut-off date for extraordinary financial distribution has been set to be on 20.07.2021 and the payment will start on July 26, 2021.