Half Year 2023 Jumbo SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Mina, your Chorus Call operator. Welcome, and thank you for joining the Jumbo conference call and live webcast to present and discuss the first half 2023 financial results. At this time, I would like to turn the conference over to Mr. Apostolos-Evangelos Vakakis, Chairman of the Board of Directors; Mr. Polys Polycarpou, Executive Director; and Ms. Amalia Karamitsoli, IR Officer. Mrs. Karamitsoli, you may now proceed.
Thank you, Mina. Thank you for the introduction. Our first 6 months results were announced yesterday. To facilitate today's discussion, a short presentation has already been posted through our website. As been announced, sales in the first half of the year was increased by 20% at EUR 425 million. Gross margin decreased by 174 basis points at 55.3%. EBITDA increased by 24% (sic) [27%] at EUR 146 million. Net profit increased by 36% at EUR 106 million. Net cash position was at
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