Jumbo Group said its 2021 sales rose by 19.87%

Jumbo Group said its 2021 sales rose by 19.87%

EBITDA jumped 46% to 305 million euros compared with 2020, while gross profit margin rose to 55.7% in 2021 from 51.8% in the previous year.

Jumbo Group said it continued its investment program and it expected to launch its new super-store in Mytiline on March 18 and another super-store in Cyprus during the year. It is also expected to launch new stores in Romania in 2022.

The Group said its February sales were up 28% and up 4.5% in the first two months of the year, after a 14% decline in January.

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