Baltika's consolidated retail sales revenue for March 2010 totalled 52.5 million
kroons.
Retail sales in March, compared to a year ago, clearly show the continued
improvement we have experienced in the business in the last five months: sales
for November were -32%, December -26%, January -22% and February -20%, March
-16%.In Estonia (our biggest Market by revenue) sales in the last two month were
level with the same period in 2009. The retail sales in Russia increased by 2%
in March compared to the same period in last year.
In the month of March, retail sales decreased by 13% in Eastern Europe, 15% in
Baltic and 16% in Poland.
Baltika's consolidated revenue for March totalled 58.0 million kroons and
decreased by 15%.
Sales in March
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| EEK million | 3/2010 | 3/2009 | Change |
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| Retail | 52.5 | 62.5 | -16% |
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| Wholesale | 5.0 | 5.5 | -9% |
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| Other | 0.5 | 0.1 | |
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| Total | 58.0 | 68.1 | -15% |
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In the month of March, Wholesale revenue decreased by 9%. The decline in
wholesale revenue is largely attributable to developments in the Russian market
where a wholesale partner's seven stores were taken over and integrated into
Baltika's retail system in May 2009.
Consolidated sales revenue for the first three months totalled 173 million
kroons (-22% yoy), including retail revenues of 156 million kroons (-20%) and
wholesale revenues of 16 million kroons (-41%).
One store was opened in Latvia in March. The number of stores amounted to 131 at
the end of the month (133 stores at the end of March 2009).
EUR 1 = EEK 15.6466
Starting from April 2010 AS Baltika reports quarterly sales instead of monthly
sales.
Ülle Järv
CFO, Member of the Management Board
+372 630 2731