- Business
- Jumbo S.A. (BELA.AT) is a Greece-based retailer engaged in the sale of toys, baby products, gift articles, household products, stationery, seasonal items, home decoration items, books, and related products through a network of hypermarkets and an online platform; it also conducts wholesale trade of toys and similar items to third parties. Founded in 1986 and headquartered in Moschato, Athens, the company operates 89 stores, including 53 in Greece, 6 in Cyprus, 10 in Bulgaria, and 20 in Romania, with additional presence in Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro, and Israel through 41 franchise stores operated by partners such as Balfin Group and Fox Group. Subsidiaries include Jumbo Trading Ltd in Cyprus, Jumbo EC.B EOOD in Bulgaria, and Jumbo ECR SRL in Romania. In recent developments, Jumbo reported H1 2025 sales growth of 8% to €497 million, EBITDA up 7% to €165 million, and net profit up 5% to €117 million, excluding prior-year insurance compensation; it opened new stores in Oradea and Bucharest (Romania), Nicosia (Cyprus), and a second store in Timisoara (Romania), renovated flood-damaged stores in Karditsa and Larissa (Greece), purchased four leased stores in Greece including the Veso Mare shopping center from Eurobank, and plans two new hyperstores in Cyprus over five years, one in Bulgaria within two to three years, continued annual openings in Romania, over €60 million investment in two new distribution centers, and enhancements to its e-commerce platform, cybersecurity, AI tools, and ERP system.