Jumbo Group Says Sales Down 18.2% in 2020

January 11, 2021

ATHENS — Jumbo Group on Monday said its losses exceeded 50 pct in December raising its year losses to 18.2 pct from 10.7 pct in the January-November period. In an announcement, Jumbo Group said January 2020 sales rose around 13 pct and in February sales rose 23 pct compared with the same month in 2019.

However, March sales dropped 51 pct due to the lockdown and in April sales plunged 86 pct. Sales reocvery 13.6 pct in May, followed by rises of 5.8 pct and 8.0 pct in June and July. August sales fell 2.0 pct and in September, sales rose 1.2 pct. October sales rose 12.7 pct but in November sales dropped 35 pct. Finally, in December, sales dropped 54 pct.


ATHENS - There was keen investor interest in acquiring a 27 percent stake in Piraeus Bank from Greece’s bank bailout fund, which was oversubscribed as it will be the third of the country’s four biggest banks to be fully privatized.

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