Sales in June

Baltika’s consolidated sales revenue for June totalled 4,328 thousand euros, increasing by 5% compared to the same period last year continued operations revenue.

Baltika’s retail sales for June increased in the Baltic states by 11%, thereof increased in Estonia by 17%, in Lithuania by 7% and in Latvia by 3%. In Russia, retail sales decreased by 44% compared to same period previous year. In local currency sales decreased in Russia by 24%. In the same period sales area in Russia decreased by 25%. Baltika’s consolidated retail sales revenue for June was 4,024 thousand euros, increasing 2% compared to the same period last year.

At the end of June Baltika Group had 131 stores, among which franchise stores – 5 in Russia, 5 in Spain, 2 franchise stores in Belarus and 15 operating franchise stores in Ukraine. Average month sales area of shops operated by Baltika decreased by 1% compared to the same period last year.

Wholesale increased by 90% compared to June in previous year, e-com sales increased by over two times, i.e 143%.

Sales in June

Sales revenue for six months totalled 25,458 thousand euros, increasing by 1% compared to same period last year. Retail sales revenue was 22,229 thousand euros (-4% yoy), thereof the Baltic states sales increased by 3%. At the same period the Group’s average retail sales area decreased by 2%. Wholesale was 2,686 thousand euros (+53% yoy) and e-com revenues 487 thousand euros (+243% yoy).

In connection with Baltika’s reorganisation of 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.

Triinu Tarkin
Financial Manager
triinu.tarkin@baltikagroup.com