Retail giant Jumbo reported strong financial results for 2024, with net profits reaching EUR 320.1 million, as sales recorded a 6.33% annual increase, climbing to EUR 1.15 billion. Gross profit margin remained stable at 55.61%, compared to 55.77% in 2023.
Jumbo maintained a strong liquidity position, ending 2024 with EUR 372.5 million in cash reserves above debt obligations, slightly up from the prior year. The company distributed EUR 1.60 gross per share to shareholders in 2024, totaling EUR 217.7 million. An dividend of EUR 0.47 per share was also issued in the first quarter of 2025, amounting to EUR 63.5 million.
Key expansion initiatives include 1–2 new stores annually in Romania, one new store every three years in Greece, two new hyperstores by 2030 in Cyprus, one new hyperstore and divestment of unused land in Bulgaria. Jumbo is also investing over EUR 60 million in two new distribution centers, in Thessaloniki and Oinofyta.
Jumbo’s e-commerce presence spans Greece, Cyprus, and Romania, with a Bulgarian online store launching in 2025. Internationally, the brand is expanding through partnerships in Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel.
As of April 2025, Jumbo operates 89 stores: 53 in Greece, 20 in Romania, 10 in Bulgaria, and 6 in Cyprus. The company also opened its third hyperstore in Israel in April, with two more set to open by year-end, increasing the country’s total to five.
