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Jumbo reports 6,88% jump in sales for 2016

11 July 17 - RE+D Magazine
Jumbo reports 6,88% jump in sales for 2016

COMPANIES

NAI Hellas

Consultant - GREECE

ARXIKON S.A.

Developer - GREECE

GAIAOSE S.A.

Agency - GREECE

PEOPLE

Jumbo Group said its sales grew 6.88 pct in the fiscal year which ended in June 30, 2017, totaling 681.43 million euros, from 637.56 million in the previous year. Sales in Greece rose around 1.5 pct, in Cyprus sales grew around 2.0 pct, while sales jumped 36 pct in Romania and 24 pct in Bulgaria.

 

The management expected sales to grow by 4-7 pct in the July 2016-June 2017 period.

Jumbo group added two new stores in the year, one in Stara Zagora in Bulgaria and another in Constanta, Romania, raising the number of its stores to 73, of which 51 in Greece, five in Cyprus, 9 in Bulgaria and 8 in Romania.

Jumbo Group has also established presence in FYROM, Albania, Kosovo, Serbia and Bosnia.

The group expects to operate a network of around 25 stores in Romania in the next five years and sales to grow by around 6-9 pct in the current year.

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