The consumer response to JUMBO’s pricing policy is impressive and absolute
As inflation, sharply rises in Europe, the JUMBO Group chose a more focused strategy of careful and strict selection of the products on offer where the price-quality correlation, was consistently and unquestionably in favor of the consumer.
Consumers continue to reward this policy, not only in Greece, which is the pillar but also in all the countries where the JUMBO Group operates.
As a result, in October 2022 the sales of the JUMBO Group recorded an impressive increase of c. +12% y-o-y.
In the 10 months of 2022 (January-October 2022), the Group's sales recorded an increase of c. +11% y-o-y.
Sales performance by country:
• Greece: In October 2022, the net sales of the parent company - excluding intragroup sales – increased by c. +4% compared to October 2021.
Overall, for the ten-month period of 2022, the net sales of the parent company - excluding intragroup sales- increased by c. +13% y-o-y.
• Cyprus: Sales in October 2022 increased by c. +24% y-o-y and maintained the strong performance.
Overall sales in Cyprus for the ten-month period of 2022 increased by approximately +23% y-o-y.
• Bulgaria: The network's sales increased by c. +37% y-o-y in October 2022.
Sales in Bulgaria for the ten-month period of 2022 increased by c. +5% y-o-y.
• Romania: The network's sales increased by c. +21% y-o-y in October 2022.
Sales in Romania for the ten months of 2022 increased by c. +1% y-o-y.
The Jumbo Group takes advantage of its strong financial position and continues its investment program for 2022 and 2023.
Jumbo will open another privately owned hyper-store in Sibiu, Romania mid-November.
Moreover, the Board of Directors of JUMBO approved on 17.10.2022 the payment of a special cash distribution of EUR 0,3850 per share for 2022.
• The payment of the extraordinary cash distribution will begin on Thursday December 15, 2022.
It is noted that up to date, the Company’s management implemented its commitment to maintain the dividend policy of 2021 for 2022 as well and paid a total amount of EUR 0,77 per share (gross) in two equal distributions in January and June 2022.
Consumers continue to reward this policy, not only in Greece, which is the pillar but also in all the countries where the JUMBO Group operates.
As a result, in October 2022 the sales of the JUMBO Group recorded an impressive increase of c. +12% y-o-y.
In the 10 months of 2022 (January-October 2022), the Group's sales recorded an increase of c. +11% y-o-y.
Sales performance by country:
• Greece: In October 2022, the net sales of the parent company - excluding intragroup sales – increased by c. +4% compared to October 2021.
Overall, for the ten-month period of 2022, the net sales of the parent company - excluding intragroup sales- increased by c. +13% y-o-y.
• Cyprus: Sales in October 2022 increased by c. +24% y-o-y and maintained the strong performance.
Overall sales in Cyprus for the ten-month period of 2022 increased by approximately +23% y-o-y.
• Bulgaria: The network's sales increased by c. +37% y-o-y in October 2022.
Sales in Bulgaria for the ten-month period of 2022 increased by c. +5% y-o-y.
• Romania: The network's sales increased by c. +21% y-o-y in October 2022.
Sales in Romania for the ten months of 2022 increased by c. +1% y-o-y.
The Jumbo Group takes advantage of its strong financial position and continues its investment program for 2022 and 2023.
Jumbo will open another privately owned hyper-store in Sibiu, Romania mid-November.
Moreover, the Board of Directors of JUMBO approved on 17.10.2022 the payment of a special cash distribution of EUR 0,3850 per share for 2022.
• The payment of the extraordinary cash distribution will begin on Thursday December 15, 2022.
It is noted that up to date, the Company’s management implemented its commitment to maintain the dividend policy of 2021 for 2022 as well and paid a total amount of EUR 0,77 per share (gross) in two equal distributions in January and June 2022.