September is back to school. Consumers, in Greece and in the other markets in which Jumbo Group operates, have once again chose the unique price/quality ratio offered by the Group. This has been achieved despite the continuing arrhythmia in the supply chain and the increased cost of transporting products.

• Overall for the Jumbo Group, September 2024 sales increased by c. +6% y-o-y.
•  For the 9-month period, January to September, the Group's sales have increased by c. +7% y-o-y.

The last three months of the year of (October, November and December) is when the Jumbo Group typically generates 35% of its annual turnover.

The Jumbo Group continues to invest and remains committed to its strategic choices despite the many challenges and headwinds.

By end of October 2024 two new stores will commence operations:

• a privately owned hyper-store in Bucharest (Romania)
• a privately owned hyper-store in Cyprus

The Group's management is implementing the share buy-back program which has been recently approved by the General Meeting, with the aim of rewarding existing shareholders - partners - for their confidence in the company. 

Sales performance by country:

Greece:

In September 2024, the net sales of the parent company - excluding intragroup sales – increased by c. 7% y-o-y.

Overall, for the 9 months of 2024 the net sales of the parent company - excluding intragroup sales – increased by c. 7% y-o-y.

Cyprus

The network's sales in September 2024 were flat. Overall, for the 9 months of 2024 the network's sales increased by c. 1% y-o-y.

Bulgaria

The network's sales increased by c. 7% y-o-y in September 2024. Overall, for the 9 months of 2024 the network's sales increased by c. 8% y-o-y.

Romania

The network's sales (including the on-line store www.e-jumbo.ro) increased by c. 6% y-o-y in September 2024. Overall, for the 9 months of 2024 the network's sales increased by c. 12% y-o-y.