Baltika’s consolidated retail sales revenue for June totalled 4,242 thousand euros and increased by 5% compared to June previous year in a situation where the sales area shrunk by 9%. Retail sales efficiency (sales/m²) increased in June by 13%.
In the month of June, retail revenue increased by 12% in Baltic region (in Estonia 10%, in Latvia 24%, and in Lithuania 7%). Retail sales revenue in Eastern Europe region decreased by 6% (including 16% increase in Ukraine and 17% decrease in Russia).
In the month of June, comparable stores sales (LFL) per square metre increased by 8%. Growth was achieved in Estonia (+10%), in Latvia (+23%), in Lithuania (+8%),
and in Ukraine (+1%). Comparable sales per square metre in Russia decreased by 7%. In local currencies, comparable store sales per square metre decreased in Russia by 5% and in Ukraine by 11%.
Wholesale decreased in June by 12%.
Baltika’s consolidated sales revenue for June totalled 4,405 thousand euros and increased by 5% compared to June previous year.
| Sales in June | |||
| EUR thousand | 2012 | 2011 | Change |
| Retail | 4,242 | 4,052 | 5% |
| Wholesale | 83 | 94 | -12% |
| Other | 80 | 42 | 90% |
| Total | 4,405 | 4,188 | 5% |
At the end of June Baltika Group had 106 stores with a total sales area of 21,368 square metres. In the month of June, company closed one Monton store in Russia, Tjumen and Mosaic store in Ukraine, Dnepropetrovsk.
Consolidated sales revenue for the first six months totalled 25,787 thousand euros (+6% yoy), including retail revenues of 23,905 thousand euros (+5% yoy) and wholesale revenues of 1,364 thousand euros (+8% yoy).
Six months retail sales efficiency increased by 14%, compared to the same period last year.
| Sales efficiency (sales/m²) | 6m 2012 |
| Latvia | 23% |
| Estonia | 16% |
| Russia | 12% |
| Lithuania | 7% |
| Ukraine | 2% |
| Total | 14% |
Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com