Baltika’s consolidated sales revenue for January totalled 4,788 thousand euros, decreasing by 2% compared to the same period last year continued operations revenue.
Baltika’s consolidated retail sales revenue for January was 4,180 thousand euros, decreasing 6% compared to the same period last year. Wholesale increased by 23% compared to January in previous year, e-com sales increased by 169%.
Sales in January
| EUR thousand | 2015 | 2014 | Change |
| Retail | 4,180 | 4,431 | -6% |
| Wholesale (incl. franchise) | 510 | 416 | 23% |
| E-com sales | 94 | 35 | 169% |
| Other | 4 | 18 | -78% |
| Total | 4,788 | 4,900 | -2% |
| Retail sales in Ukraine* | 0 | 529 | -100% |
*Discontinued operations
Retail sales decreased in Baltic states by 1%, thereof increased in Latvia by 5% and decreased in Lithuania by 5% and in Estonia by 2%. In Russia, retail sales decreased by 31% compared to same period previous year. In local currency sales increased in Russia by 11%.
The franchise stores line saw addition of three new stores in January. Franchise partner Mirworld opened Bastion and Baltman stores in Spain in Tenerife, Russian partner Gold Button opened outlet store in Moscow. In Russia two retail network stores were closed. At the end of January Baltika Group had 129 stores, among which franchise stores – 5 in Russia, 5 in Spain, 2 franchise stores in Belarus and 14 operating franchise stores in Ukraine. Average month sales area of shops operated by Baltika decreased by 2% compared to the same period last year.
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.
Kati Kusmin
Member of the Management Board
kati.kusmin@baltikagroup.com