Baltika’s consolidated sales revenue from continued operations for August totalled 4,894 thousand euros, increasing by 20% compared to the same period last year.
Baltika’s consolidated retail sales revenue for August was 4,356 thousand euros, increasing 22% compared to the same period last year. Wholesale increased by 2% compared to August in previous year, e-com sales increased by 163%.
Sales in August
|Wholesale (incl. franchise)||513||501||2%|
|Retail sales in Ukraine*||0||542||-100%|
Retail sales increased in Baltic states by 21%, thereof in Latvia 40%, in Lithuania 24% and in Estonia 10%. In Russia retail sales increased by 27% compared to same period previous year. In local currency sales increased in Russia by 39%.
At the end of August Baltika Group had 122 stores, among which 2 franchise stores in Belarus and 17 franchise stores in Ukraine. At the end of month the sales area of shops operated by Baltika was 19,987 square metres and the month average sales area increased by 2% compared to the same period last year.
Sales revenue for the 8 months totalled 35,005 thousand euros, increasing +7% yoy. Retail sales revenue was 32,056 thousand euros (+6% yoy), including Baltic states sales growth +10%. Wholesale was 2,681 thousand euros (+24% yoy) and e-com revenues 185 thousand euros (+49% yoy).
In connection with Baltika’s exit from the Ukrainian retail business and selling the company there (agreement was signed on 29 April 2014), the sales revenue of the Ukrainian entity is presented as discontinued operation. Sales announcement presents only the results of continuing operations unless indicated otherwise.
Member of the Management Board