Karamitsori Amalia
Head of Investor Relations
Replay available
Jumbo Sa Reg Shs (JUMSF) Q2 2026 Earnings Call
Jumbo Sa Reg Shs (OTC: JUMSF) Q2 2026 earnings conference call, held 2026-09-24. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The meeting focused on the presentation of Jumbo's financial results for the first half of 2026, discussing sales performance across various markets, gross margin challenges, and future investment plans. Key insights included sales growth figures, market-specific performance, and shareholder returns. Key Discussion Points - Jumbo's group sales reached 590 million euros, a 4% increase year-on-year. - Net profit for the period was 121 million euros, up 3%. - Gross margin decreased by 33 basis points, primarily due to challenges in the Romanian market. - Performance varied by market: Greece (7% growth), Cyprus (4% growth), Bulgaria (11% growth), and Romania (-6.5% decline). - Cash position at the end of June was 546 million euros, with no debt. - Plans for new store openings in Romania, Cyprus, and Greece, including a new hyperstore in Romania by October. - Discussion on shareholder returns, with a total cash distribution of 2.20 euros per share expected for 2026. Deci...
Featured Presenters
Apostolos Adagios Vakakis
Chairman of the Board of Directors
Paulis Kolikarpou
Chief Financial Officer
Stamatis Vraziotis
Analyst, Euro One Equities
Iakovos Kurtesis
Analyst, Piraeus Securities
Yanis Kaloyeropoulos
Analyst, Beta Securities
Replay transcript excerpt
Speaker 1: Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your call operator. Speaker 1: Welcome and thank you for joining the Jumbo conference call and live webcast to present and discuss the 1st 0.5 of the 2026 financial result. At this time, I would like to turn the conference over to Mr. Apostolos Evaggelos Vakakis, Chairman of the Board of Directors, Speaker 1: Mr. Polis Kolikarpou, Speaker 1: CFO, and Ms. Karamitsori Amalia, Head of Investor Relations. Speaker 1: Ms. Karamitsori, you may now proceed. Speaker 2: Thank Speaker 2: you, Konstantinos. Speaker 2: Good afternoon. Thank you for joining us. Today I will take you through Jumbo's 1st 0.5 results, the performance of our main markets and the priorities for the rest of the year. Speaker 2: I will keep this presentation brief so we have enough time for your questions at the end. Speaker 2: Let me start with our main numbers. Speaker 2: Group sales reached Speaker 2: 590 million euros in the 1st 0.5, an increase of 4% year on year. Net profit was 121 Speaker 2: million euros, up 3%. Speaker 2: Gross margin was at 53.5, Speaker 2: 33 basic points lower than the last year. Speaker 2: The main pressure in the gross margin came from Romania. Speaker 2: We observed the GDP increase Speaker 2: and we faced a weaker local currency. Speaker 2: On the other hand, more favorable Speaker 2: Euro-dollar exchange rate, Speaker 2: manageable freight costs during Speaker 2: most of the period, Speaker 2: and sales mix helped offset some of this pressure. Speaker 2: Sales for the 1st 8 months decreased by 6%. Speaker 2: A full year Speaker 2: output remains Speaker 2: around 5% sales growth and net profit of 310 Speaker 2: to 320 Speaker 2: million Speaker 2: Euros. Speaker 2: Performance Speaker 2: differ...