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Jumbo: Sales increased by more than + 200% in Cyprus

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Jumbo: A & upsilon; & xi; & eta; & mu; έ & nu; & epsilon; & sigmaf; & pi; ; & alpha; & pi; ό & nbsp; + 200% & omicron; & iota; & pi; & omega; & lambda; or & sigma; & epsilon; & iota; & sigmaf; & sigma; & tau; & eta; & nu; & Kappa; ύ & pi; & rho; & omicron;

The sales of the & nbsp; Group & nbsp; JUMBO & nbsp; in & nbsp; January 2022 & nbsp; recorded a drop of & nbsp; -14.8% & nbsp; expects, for the whole two months of January – February, a positive sign, even of single-digit turnover growth.

More specifically, it is noted that the sales of & nbsp; January 2022 & nbsp; compared to strong demand in & nbsp; January 2021 & nbsp; created by the restrictions imposed at the end of 2020 in Greece.

READ ALSO: & nbsp; Jumbo: In September in Israel and the new Cypriot store

< This year's sales were also negatively affected by & nbsp; extreme weather events , the increase in cases & nbsp; Covid-19 & nbsp; with the Omicron variant, by the increases in energy and consumer goods as well as & nbsp; strikes & nbsp; in ports.

The Group's management estimates that on a normalized basis sales for & nbsp; January 2022 & nbsp; would fluctuate at the corresponding levels last year with inflationary pressures affecting the Balkan countries more.

The trend presented today, February 2022, is positive, while during the corresponding month last year, 30 of the 52 stores in Greece remained closed. It is recalled that in a certain “normality” the stores in Greece returned in April.

In view of the above, the management estimates that if the current trends prevail, the & nbsp; cumulative sales for the first two months of 2022 & nbsp; may be stable or even up by a low single digit percentage compared to corresponding to last two months.

Detailed sales course by country:

Greece: & nbsp; In January 2022, all stores in Greece remained open, but operated under known restrictions. & nbsp;

Overall for January 2022 , the net sales of the parent company and excluding intra-company transactions, decreased by & nbsp; -21% & nbsp; approximately compared to January 2021.

It is recalled that in & nbsp; January 2021, & nbsp; the stores in Greece operated for the first time after two months of continuous & nbsp; & nbsp; lockdown and consequently showed exceptional dynamics. & nbsp;

Cyprus: & nbsp; All stores continued to operate without new restrictions. It is recalled that part of January 2021, the stores in the country remained closed. As a result, sales in & nbsp; January & nbsp; 2022 are up more than & nbsp; + 200% , compared to the same month last year. Bulgaria: & nbsp; Stores continued to operate with the same strict restrictions and low vaccination coverage, across the country. Network sales decreased by & nbsp; – 38% & nbsp; about & nbsp; January & nbsp; & nbsp; 2022, compared to the corresponding month last year when a store remained closed. Romania : Stores continued to operate under the same strict restrictions. Network sales decreased by & nbsp; – 21% & nbsp; in & nbsp; January & nbsp; & nbsp; 2022, compared to the corresponding month last year.

The strong and sound financial position of the Group is a comparative advantage over the difficulties and constant surprises of the supply chain, the company states.

The strategic choices for & nbsp; continuation of the investment program remain unchanged & nbsp; and stable & nbsp; rewarding of shareholders-partners & nbsp; with high dividend returns.

Source: Capital.gr

Source: www.philenews.com

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