Group’s Sales grow by 25% over the four months of 2023, despite volatility
Group’s sales in April 2023, increased by 8,45% y-o-y, cycling a strong 30% after the lift of the restrictions related to the pandemic.
• Overall, for the first four months of 2023, the Group sales increased by c. 25% y-o-y.
As the Group’s Management had commented during the 08.03.2023 Extraordinary General Meeting of shareholders, the high double-digit sales growth rates that occurred during the first months of the year, could not be sustainable throughout the year. Management estimates for c.15% sales growth this year.
Sales performance by country:
• Greece:
In April 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 9% y-o-y.
Overall, for the first four months of 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 26% y-o-y.
• Cyprus:
The network's sales increased by c. 11% y-o-y in April 2023. Overall, for the first four months of 2023 the network's sales increased by c. 24% y-o-y.
• Bulgaria:
The network's sales increased by c. 7% y-o-y in April 2023. For the first four months of 2023, sales in Bulgaria increased by c. 24% y-o-y.
• Romania:
The network's sales increased by c. 4% y-o-y in April 2023. For the first four months of 2023, sales in Romania increased by c. 20% y-o-y.
To conclude,
the management will try and cope with the challenges of the current financial year, by maintaining the price to quality relation of every product in favor of the consumer, by proceeding with the early repayment of its loan obligations, by continuing its investment program while also rewarding its shareholders-partners, with high cash distributions.
• Overall, for the first four months of 2023, the Group sales increased by c. 25% y-o-y.
As the Group’s Management had commented during the 08.03.2023 Extraordinary General Meeting of shareholders, the high double-digit sales growth rates that occurred during the first months of the year, could not be sustainable throughout the year. Management estimates for c.15% sales growth this year.
Sales performance by country:
• Greece:
In April 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 9% y-o-y.
Overall, for the first four months of 2023, the net sales of the parent company - excluding intragroup sales – increased by c. 26% y-o-y.
• Cyprus:
The network's sales increased by c. 11% y-o-y in April 2023. Overall, for the first four months of 2023 the network's sales increased by c. 24% y-o-y.
• Bulgaria:
The network's sales increased by c. 7% y-o-y in April 2023. For the first four months of 2023, sales in Bulgaria increased by c. 24% y-o-y.
• Romania:
The network's sales increased by c. 4% y-o-y in April 2023. For the first four months of 2023, sales in Romania increased by c. 20% y-o-y.
To conclude,
the management will try and cope with the challenges of the current financial year, by maintaining the price to quality relation of every product in favor of the consumer, by proceeding with the early repayment of its loan obligations, by continuing its investment program while also rewarding its shareholders-partners, with high cash distributions.