The Greek Deal.com
JUMBO GROUP
Revenue growth of 6.3% in 2024, exceeding guidance
From the first day of the serious complications of the disruption of the global supply chain from the "closure of Suez", the management of the Jumbo Group made a commitment to the consumer and avoided offering on the shelves of the stores, products with a temporary or opportunistic price increase.
Avoids giving guidance for 2025
Jumbo concludes the year with a positive note, having recorded an increase in sales up until November. Therefore, the target set for a 4% sales increase for 2024 is expected to be achieved.
Increase in total sales in November
Jumbo Group announced an increase in total sales in November, despite the complex international and domestic economic environment and the challenges and uncertainties.
Net profit €121.7 million in the first half of the year
Jumbo's financial results for the first half of the year show a significant double-digit improvement compared to last year.
Dividend distribution of €1 per share approved
Jumbo declared that a dividend of €1.00 per share before withholding tax, for a total of €136.059.759,00, will be paid from the company's profit for the fiscal year 2023 at the Annual General Meeting of its shareholders.
Placement doubles to 3% of shares
Jumbo's share placement has increased from 2 million shares to 4 million shares - or about 3% of the shares.
Mini placement from CEO Apostolos Vakakis
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.
Entered the share capital of Trade Estates
Jumbo entered the share capital of Trade Estates according to its CEO Apostolos Vakakis.
Net Profit of €303million in 2023 - Proposed dividend of €1,00/share
21.8% rise in net profit and €398 million in EBITDA, according to Jumbo Group financial results for 2023.
Sales increased 15% for 11m period
The JUMBO Group announced an increase in sales of +15% for the 11-month period of the year