Baltika’s consolidated sales revenue for November totalled 5,252 thousand euros and increased by 2% compared to November previous year.
Baltika’s consolidated retail sales revenue for November totalled 5,016 thousand euros, which is an increase by 4% compared to the same period in previous year in a situation where the sales area shrunk by 8%. Retail sales efficiency (sales/m²) increased in November by 12%.
The sales growth was in Lithuania 15%, Estonia 4% and Latvia 3%. Sales decreased in Russia 7% and in Ukraine 1%.
In the month of November, comparable stores sales (LFL) per square metre increased by 7%. Growth was achieved in Russia (+12%), Lithuania (+12%), Ukraine (+9%), Latvia (+5%) and Estonia (+2%). In local currencies, comparable store sales per square metre increased in Russia by 8% and in Ukraine by 3%.
Wholesale decreased in November by 11% compared to same period last year.
| Sales in November | |||
| EUR thousand | 2012 | 2011 | Change |
| Retail | 5,016 | 4,846 | 4% |
| Wholesale | 214 | 241 | 11% |
| Other | 22 | 56 | -61% |
| Total | 5,252 | 5,143 | 2% |
At the end of November Baltika Group had 105 stores with a total sales area of 21,326 square metres.
Consolidated sales revenue for the first eleven months totalled 50,569 thousand euros (+5% yoy), including retail revenues of 47,093 thousand euros (+5% yoy) and wholesale revenues of 2,764 thousand euros (+7% yoy).
Eleven months retail sales efficiency increased by 13%, compared to the same period last year.
| Sales efficiency (sales/m²) | 11m 2012 |
| Latvia | 20% |
| Russia | 15% |
| Estonia | 10% |
| Lithuania | 10% |
| Ukraine | 7% |
| Total | 13% |
Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com