The sales of the JUMBO Group recorded a drop of 4.5% in May 2022 compared to the corresponding month last year, as announced today by the listed company.
Consequently, in the first 5 months of 2022, the Group’s sales record an overall increase of + 17% (compared to an increase of + 25% during the four months of 2022), as the company states in a relevant announcement.
As he points out, the sales of May 2022 are compared with the strong demand of May 2021 immediately after the many months of closing of the stores during the winter months and the strict restrictions that followed in Greece.
Also, the arrhythmia caused by the successive port lockdowns in China due to Covid-19, together with the strikes in Greek ports, worsened the supply of the market, causing delays in the delivery of products.
Detailed sales course:
Hellas: For May 2022, the net sales of the parent company (excluding intercompany transactions), decreased by approximately -9% compared to May 2021.
Overall for the five months of 2022, the net sales of the parent company – excluding intercompany transactions – increased by approximately + 29% compared to the corresponding five months last year.
Cyprus: Sales in May 2022 increased by about + 31%, compared to the corresponding month last year. It is recalled that the entire network remained closed during the first week of May last year.
Overall, sales in Cyprus for the five months of 2022 are increased by about + 29%, compared to the corresponding five months last year.
Bulgaria: The sales of the network recorded a decrease of about -5% in May 2022, compared to the corresponding month last year.
Overall, sales in Bulgaria for the five months of 2022 are down by about -0.8%, compared to the same period last year.
Romania: Network sales were down by about -6% in May 2022, compared to the same month last year.
Overall, sales in Romania for the five months of 2022 are reduced by about -8%, compared to the same period last year.
The strong and sound financial position of the Group continues to be a comparative advantage over the uncertain business environment.
The strategic choices for the continuation of the investment program, the constant rewarding of the shareholders-partners with high dividend returns and the respect for the consumer remain unchanged.
The management of the company had assured the shareholders-partners during the General Meeting that its intention is to maintain in full the dividend policy of 2021 and in 2022 with the payment of a total dividend of 0.77 EUR / share.
Consequently:
In addition to the gross amount of 0.3850 euros per share that was decided and distributed in January 2022, on June 8, the remaining 0.3850 euros per share is paid again in the form of extraordinary cash distribution.
Source: Capital
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