Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Financial analyst specializing on corporate valuation. Long-term experience in analyzing and valuing listed and non listed companies in a wide range of business sectors in Europe, North America and internationally. Some of the sectors covered are financial services, industrials, high technology and real estate. Certified Equity Analyst by the Hellenic Capital Market Commission, Greece. Member of the Hellenic Association of Certified Securities Analysts (HACSA), Greece. Associate Member of the Chartered Institute for Securities & Investment (CISI), UK.

Specialties: Applying methods in corporate valuation, developing valuation models and writing equity research and valuation reports. Consulting services to companies with regard to their valuation drivers and potential corporate value, utilized in corporate deals such as mergers, acquisitions and sale of businesses. Specialized financial translations.

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Equity Bottom-Up

<ul><li>In FY2025, Jumbo reported total turnover of €1.23bn, marking a 7% YoY increase, driven by growth across all core markets and supported by the continued expansion of its store network and online channel.</li><li>Adjusted EBITDA reached €436m (+5% YoY), with EBITDA margin at ~35%, while gross margin decreased to 54.7%, mainly due to a higher contribution from franchise-related sales with lower margins.</li><li>Adjusted net profit stood at €320m (+4% YoY), while profit before tax reached approximately €395m, confirming the Group’s resilient profitability.</li></ul>

In FY2025, Jumbo reported total turnover of €1.23bn, marking a 7% YoY increase, driven by growth across all core markets and supported by the continued expansion of its store network and online channel.Adjusted EBITDA reached €436m (+5% YoY), with EBITDA margin at ~35%, while gross margin decreased to 54.7%, mainly due to a higher contribution from franchise-related sales with lower margins.Adjusted net profit stood at €320m (+4% YoY), while profit before tax reached approximately €395m, confirming the Group’s resilient profitability.

2025年度年次決算に関する当社の投資家向けプレゼンテーション（2026年4月29日）に続いて

JUMBO SA

2025年度年次決算に関する当社の投資家向けプレゼンテーション（2026年4月29日）に続いて