May: Normality remains a challenge

During May, there was another step further with the lifting of certain restrictions regarding stores operation. However, commercial and business "normality" remains a challenge.

In total, the sales of the Jumbo Group, during May 2021, recorded an increase of approximately + 3% y-o-y. This implies an increase of the total sales for the Group during the five-month period (January-May 2021), of approximately + 17% compared to the corresponding period last year.

• Greece

In May 2021 the net sales of the parent company - excluding intragroup sales - increased by approximately + 5% y-o-y and therefore during the five-month period (January-May 2021) the increase of the net sales of the parent company maintained at approximately + 5% y-o-y.

In May 2021, all of the Group's stores in Greece were open but under restrictions, regarding the number of customers allowed in the stores, which were disproportionately stricter for the stores’ size and in comparison to the Hyper- markets.

It is noted that as of May 14th, the stores operated without the click inside or click away method.

• Cyprus:

As of May 10, 2021, stores reopened, with a restriction on the number of customers allowed in the stores. During May 2021, sales increased marginally by approximately + 0,39% y-o-y. As a result, for the five months of 2021 sales were increased by approximately + 23% y-o-y.

• Bulgaria:

The stores continued to operate with a restriction on the number of customers allowed in the stores. During May 2021, sales increased by approximately + 3% y-o-y. As a result, for the five-month period of 2021, sales were increased by approximately + 22% y-o-y.

• Romania:

During May, all Jumbo stores in the country continued to operate, while restrictions on their opening hours were lifted. In May 2021, sales decreased by approximately -2% y-o-y. As a result, during the five-month period of 2021, sales were increased by approximately + 49% y-o-y.

The Company’s management will also have the opportunity to keep the shareholders informed regarding the developments of the Group during the Annual General Meeting that will be held on June 15th at 15:00 remotely, in real time via video conference.