November trading for Jumbo Group has confirmed the solid performance seen in October. Despite a complex economic environment both internationally and domestically, management remains confident in achieving a 4% sales growth target for 2024.
The company emphasizes its commitment to providing timely information to shareholders. Management is keenly observing December’s trading activity to evaluate the overall financial performance for the year.
Due to current challenges, Jumbo Group will not release budget guidance for the next year until after the first four months of 2025, when factors affecting their operations are expected to be clearer.
In terms of sales performance by country:
In Greece, net sales excluding intragroup sales rose approximately 6% year-over-year in November and about 7% over the eleven months of 2024.
Cyprus saw an approximate 11% increase in network sales year-over-year in November. The opening of a new hyper-store in Nicosia at the end of October contributed to this growth. Sales increased by around 2% over the eleven months.
In Bulgaria, network sales increased by about 10% year-over-year in November and approximately 8% over the eleven-month period.
Romania experienced a roughly 6% rise in network sales, including online store www.e-jumbo.ro, in November. A new hyper-store opened in Bucharest at the end of October boosted this growth. Overall, Romanian sales grew around 10% over eleven months.
Jumbo Group’s strategic focus remains on navigating economic uncertainties while aiming for steady growth across its markets.
