Baltika’s consolidated retail sales revenue for September totalled 4,273 thousand euros and increased by 1% compared to September previous year in a situation where the sales area shrunk by 6%.
In the month of September, retail revenue increased by 11% in Baltic region (in Estonia 15%, in Latvia 20%, and in Lithuania -1%). Retail sales revenue in the Eastern Europe region decreased by 6% (including 6% decrease in Russia and 5% decrease in Ukraine).
In the month of September, comparable stores sales (LFL) per square metre increased by 7%. Biggest growth was achieved in Latvia (+16%), in Estonia (+14%), in Lithuania (+5%) and in Russia (1%). Comparable stores sales (LFL) per square metre decreased in Ukraine by 2%. In local currencies, comparable store sales per square metre increased in Russia by 6% and in Ukraine by 4% compared to September last year.
Retail sales efficiency (sales/m²) increased in September by 8%.
Baltika’s consolidated sales revenue for September totalled 4,675 thousand euros and increased by 1% compared to September previous year.
|
Sales in September, EUR thousand |
2011 |
2010 |
Change |
| Retail | 4,273 | 4,214 | 1% |
| Wholesale | 354 | 350 | 1% |
| Other | 48 | 56 | -14% |
| Total | 4,675 | 4,620 | 1% |
At the end of September Baltika Group had 115 stores with a total sales area of 23,165 square metres, 8 stores less than in September 2010.
Consolidated sales revenue for the first nine months totalled 37,937 thousand euros (+2% yoy), including retail revenues of 35,298 thousand euros (+3% yoy) and wholesale revenues of 2,200 thousand euros (-10% yoy).
Nine months retail sales efficiency increased by 12%, compared to the same period last year.
| Sales efficiency (sales/m²) | 9m 2011 |
| Estonia | 13% |
| Latvia | 11% |
| Lithuania | 17% |
| Russia | 4% |
| Ukraine | 6% |
| Poland | 1% |
| Total | 12% |
Maigi Pärnik
Member of the Management Board