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Jumbo: Annual sales increase of 23% in Cyprus

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Jumbo: Annual sales increase of 23% in Cyprus

Sales increased by 17% on an annual basis in the first 5 months of 2021 was recorded by the Jumbo Group, while in Cyprus the percentage reached 23%, according to data announced by the company.

In May, another step was taken with the removal of certain restrictions regarding the operation of the stores, however, the commercial and business “normality” remains in demand, the Group emphasizes.

Overall, the sales of the Jumbo Group, in May 2021, increased by about + 3% compared to the corresponding month last year. This means that total sales for the Group during the five months (January-May 2021), increased by approximately + 17% compared to the corresponding period last year.

More detail:

Hellas

The net sales of the parent company in May 2021 – excluding intra-company transactions – showed an increase of about + 5%, compared to the corresponding month last year, resulting in maintaining for the five months (January-May 2021) the increase by + About 5% of sales.

In May 2021, all the Group's stores opened in Greece, but with restrictions on the number of authorized customers within the stores, disproportionately stricter in terms of their size in relation to the Hyper-markets.

In addition, it is recalled that from May 14 the stores operated without the click inside or click away method in Greece.

Cyprus

From May 10, 2021, the stores started operating again, with a limit on the number of authorized customers within the stores. Sales in May 2021 recorded a marginal increase of about + 0.39%, compared to the corresponding month last year. As a result, sales in the five months of 2021 to be increased + approximately 23%, compared to the corresponding five months last year.

Bulgaria

The stores continued to operate with a limit on the number of authorized customers within the stores. The sales of the network recorded an increase of + 3% in May 2021, compared to the corresponding month last year. As a result, sales in the five months of 2021 to be increased + approximately 22%, compared to the corresponding five months last year.

Romania

In May, all Jumbo stores in the country continued to operate, while the restrictions on their opening hours were lifted. Network sales were down by about -2% in May 2021, compared to the same month last year. Sales in the five months of 2021 were increased by about + 49%, compared to the corresponding five months last year.

The management of the company will have the opportunity to inform the shareholders regarding the course of the Group and during the annual general meeting of shareholders that will be held on June 15 at 15:00 from a distance in real time via video conference.

Source: Capital.gr

Source: www.philenews.com

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