After moving through with a small placement, CEO Apostolos Vakakis now owns about 1.5 percent of Jumbo's total share capital, or roughly 2 million shares.

According to information, the placement price was EUR 27.20 (i.e., at a discount of 9.33%, with the transaction being carried out by Citi for its clients), while the shares were placed by Tanocerian Maritime, of Vakakis' interests. Prior to the disposal of 1.5% of Jumbo's shares, Apostolos Vakakis held 19.36% of the listed company's share capital.

In 2023, Jumbo exceeded 1 billion euros in sales, now occupying the highest position in the domestic retail sector (except for the large food chains), while showing impressive profitability and cash reserves of 370.4 million euros. However, the group's chief executive, A. Vakkakis, maintained his conservative forecast of 8%–10% sales growth in 2024, noting that the impact of the hot spots of war and crises in the region must be assessed.

According to the most up-to-date update on March sales, these appear to be up by around 17% compared to the same month last year, mainly due to the seasonality of sales in Greece and Cyprus, where the Halloween celebrations this year were on March 17 (FFebruary 26).