Baltika’s consolidated sales revenue for October totalled 4,730 thousand euros, decreasing by 10% compared to the same period last year. Decrease in revenue in retail as well in wholesale, was caused by eastern market’s, especially Russian market’s, weak economic situation.
Baltika’s retail sales in the Baltic states for October increased by 2%, thereof increase in Estonia 5% and in Lithuania 3%, in Latvia decrease 5%. Retail sales in euros in Russia decreased by 36% compared to same period previous year. In local currency retail sales decreased in Russia by 15%. In the same period sales area in Russia decreased by 23%. Baltika’s consolidated retail sales revenue for October was 4,243 thousand euros, decreasing in total in four markets by 3% compared to the same period last year.
In October one new Ivo Nikkolo retail store was opened in Lithuania, Klaipeda Akropolis shopping centre. At the end of October Baltika Group had 132 stores, among which franchise stores: 5 in Russia, 5 in Spain, 2 in Belarus and 15 in Ukraine. At the end of month there was 105 shops operated by Baltika, shops average month sales area remained at the last year same period level.
Wholesale decreased by 46% and e-com by 20% compared to October in previous year.
Sales in October
| EUR thousand | 2015 | 2014 | Change |
| Retail | 4,243 | 4,395 | -3% |
| Wholesale (incl. franchise) | 402 | 738 | -46% |
| E-com sales | 78 | 98 | -20% |
| Other | 7 | 22 | -68% |
| Total | 4,730 | 5,253 | -10% |
Sales revenue for ten months totalled 43,385 thousand euros, decreasing 4% compared to the same period last year. Retail sales revenue was 37,914 thousand euros (-6% yoy), thereof the Baltic states sales increased by 2%. At the same period the Group’s average retail sales area decreased by 2%. Wholesale was 4,600 thousand euros (+7% yoy) and
e-com revenues 777 thousand euros (+127% 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. In 2014 comparative figures sales announcement presents only the ten months cumulative results of continuing operations.
Kati Kusmin
Member of the Management Board
kati.kusmin@baltikagroup.com