Greek retail giant Jumbo registers 11% increase in sales in first nine months of 2022

The sales of the JUMBO Group also moved upwards in September as well, recording an increase of 7%.

According to a company announcement, for the first 9 months of the year (January – September 2022), the sales of the JUMBO Group, in all the markets in which it operates, increased by approximately +11%.

Greece

For September 2022, the parent company’s net sales (excluding intra-company transactions) showed an increase of approximately +8% compared to September 2021.

Overall for the nine months of 2022, the parent company’s net sales – excluding intercompany transactions – showed an increase of approximately +15% compared to the corresponding nine months of last year.

Cyprus

Sales during September 2022 increased by approximately +19%, compared to the corresponding month last year, continuing their impressive dynamic course.

In total, sales in Cyprus for the nine months of 2022 have increased by approximately +23%, compared to the corresponding nine months last year.

Bulgaria

Network sales recorded an increase of approximately +11% in September 2022, compared to the corresponding month last year. The sales of the stores, in Bulgaria, for the nine months of 2022 should be up by approximately +3% compared to the corresponding nine months of last year.

Romania

The network’s sales recorded a decrease of approximately -2% in September 2022, compared to the corresponding month last year.

Overall, sales in the Romanian market, for the nine months of 2022, are down by approximately -1.5%, compared to the corresponding nine months of last year.

The Jumbo Group is taking advantage of its strong financial position and is continuing its investment program for 2022-2023.

The new superstore in the city of Sibiu, in Romania, is expected to open in mid-November.