- Profit Increase: Jumbo’s profit after tax for the first half of 2024 reached EUR 121.7 million, marking a 14% increase year-on-year.
- Sales Growth: Sales for the same period hit EUR 460.4 million, an increase of 8.4% year-on-year.
- EBITDA Uplift: EBITDA stood at EUR 164.7 million, representing a 12% rise compared to the previous year.
- Future Outlook: The company forecasts a 4% sales growth for the entire year of 2024.
- Gross Margin Stability: Despite geopolitical tensions in the Red Sea and the closure of the Suez Canal which more than doubled transport costs, the utilization of existing inventories, a more favorable dollar rate, and suppliers absorbing part of the transport costs helped maintain the gross margin at last year’s level.
- Market Sentiment: The company enjoys strong support from analysts with 13 buys, 0 holds, and 0 sells.
A look at JUMBO SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investment analysts are optimistic about the long-term outlook for JUMBO SA based on the company’s Smartkarma Smart Scores. With a strong resilience score of 5, JUMBO SA is viewed as well-equipped to weather market challenges and maintain stability. Coupled with a solid dividend score of 4, the company demonstrates a commitment to rewarding its investors, which bodes well for long-term returns. While growth and momentum scores are average at 3, JUMBO SA‘s overall performance is bolstered by these positive indicators, positioning it favorably in the retail market.
JUMBO S.A., specializing in retailing toys, baby products, and stationery items, has been rated positively across key factors according to the Smartkarma Smart Scores. As the company continues to operate a chain of retail stores and supplies toys to other retailers, its high resilience and dividend scores reflect strong fundamentals and investor-friendly policies. With a focus on maintaining stability and rewarding shareholders, JUMBO SA‘s overall outlook appears promising for long-term growth and sustainability in the competitive retail industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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