Jumbo: 2021 approached the turnover of 2019 – At + 20% compared to 2020

Turnover levels that “reached” those of 2019 (were only 2%) were recorded by Jumbo in 2021, as stated in an announcement. It notes that, in relation to the difficult 2020, its sales recorded an increase of 19.87%.

More specifically, the company notes:

“In retail, the constant growth of economic figures is a condition for survival Group JUMBO continuous confirmation of consumer confidence and the corresponding reward of the shareholders are part of a multi-year unwritten, inviolable agreement.

The 2021, for the whole of retail, there was another year which was characterized by continuous and varied restrictions and prohibitions on market operation.

At the same time, the violent disruption in the global supply chain and the painful peculiarities of the Greek market, forced the management of the Group to prepare and implement a new strategy in the field of product mix and the redesign of the operation of new stores.

The last month of the year, recorded an increase of + 95% compared to December 2020 with known limitations. The sales of the Group -for the whole 2021– recorded an increase +19,87% about compared to 2020 but lag behind – by approx 2%– 2019 sales.

Detailed sales course by country:

• Hellas: In December 2021, all the stores in Greece remained open, but operated under the known restrictions. Respectively, in December 2020 all physical stores in Greece remained closed (Lockdown). In total for 2021, the net sales of the parent company – excluding intercompany transactions – increased by +32% about compared to 2020.

• Cyprus: All stores continued to operate without new restrictions. It is recalled that in December 2020, two of the five stores in the country remained closed. Consequently, sales at December of 2021 appear increased by +15% about, compared to the corresponding month last year. Total sales in Cyprus during 2021 are increased by +12% approximately, compared to 2020.

• Bulgaria: The stores continued to operate with the same harsh restrictions for the country. Network sales recorded a marginal increase of 0,9% about him December of 2021, compared to the corresponding month last year where a store remained closed. Overall increase in sales in Bulgaria for 2021, limited to +0,5% approximately, compared to 2020.

• Romania: Stores continued to operate under the same harsh restrictions. Network sales fell by -9,8% about him December of 2021, compared to the corresponding month last year. Overall for 2021 sales growth was limited to +7% approximately, compared to 2020.

Given the circumstances, the sales results for 2021 are impressive, however, it should be noted that from December 15, 2021 onwards, with the latest epidemiological developments, the market is recording a new significant weakening, a sign of the uncertainty and instability that prevails.

In addition, supply chain problems and inflationary pressures are among other factors that, although initially assessed as temporary, are not expected to improve in 2022 and act to slow down the Group’s growth prospects.

Jumbo’s philosophy remains stable and the company’s management adheres to its dividend distribution policy each year despite difficult times.

For 2021 the total gross amount already paid to shareholders against the profits of the year 2021, amounts to 0,77 euros per share.

For 2022 as announced, the Company will hold an Extraordinary General Meeting on January 19, 2022 where shareholders are required to approve, inter alia, the payment of extraordinary cash distribution from taxed and non-distributed profits of the years 01.07.2016-30.06.2017 and 01.07.2017-30.06.2018, which is equivalent to a gross amount 0.3850 euros per share, ie an amount equal to half of the total amount distributed for 2021 “.