Jumbo Group's total sales remained unchanged overall in the first two months of 2024. However, there was a 3% decrease in net sales in February in Greece and Cyprus compared to 2023, attributed to the delayed Carnival season. Nonetheless, the group's management maintains its forecast for an 8%-10% increase in turnover and profits for 2024.

Sales in stores during February 2024 were down by approximately 12%, as last year's February also encompassed Carnival-related sales.

Overall, store sales in Cyprus for the first two months of 2024 are down by about 7% compared to the same period last year.

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In February 2024, the parent company's net sales in Greece (excluding intercompany transactions) decreased by approximately 8% since February last year included sales related to the Carnival celebration.

Overall, for the first two months of 2024, the parent company's net sales - excluding intercompany transactions - showed a decrease of about 3% compared to 2023.

In Bulgaria, the network's sales recorded an increase of about 13% in February 2024 compared to the same month last year. Overall, sales in Bulgaria for the first two months of 2024 are up by approximately 11% compared to the same period last year.

Meanwhile, in Romania, sales from the network, as well as the online store (www.e-jumbo.ro), saw an increase of about 15% in February 2024 compared to the same month last year.

Overall, sales in Romania for the first two months of 2024 are up by about 13% compared to the same period last year.

As announced, the General Meeting of JUMBO Group shareholders approved the management's proposal for a special cash distribution of 0.60 Euros per share.