Announcement: Jumbo says first-half sales up 12.6% y/y

Jumbo SA

06/07/2021 09:17

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