GREECE: Jumbo's sales soar

Greece's largest toy retailer reported a rise in profits for its fiscal year.
Publish date:
Social count:

Jumbo reported a 21.5 per cent rise in net profits to E82.5 million, thanks to an expanding store network.

Jumbo had been aiming for a 21.4 per cent rise and in July its chief executive, Tolis Vakakis, told Reuters this target would be met despite high costs from soaring oil prices and ongoing strikes at Greek ports.

Jumbo had already announced that full-year sales grew 17.9 per cent to E404 million.

It also said it would pay a 0.40 euro dividend per share to shareholders, up 25 per cent on the previous year's payout and would propose a 1-for-1 bonus share issue to capitalise reserves.

In the summer Jumbo opened three new stores in Greece, bringing its total network to 44.

Last year it launched its first store in Bulgaria and it plans to add another 11 in the country, as performance has beaten expectations.

Source: Reuters


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.