Sales in November

Baltika’s consolidated sales revenue for November totalled 5,089 thousand euros, decreasing by 7% compared to the same period last year.

Baltika’s retail sales in the Baltic states for November remained on a same level as last year thereof increase in Estonia 5% and decrease in Lithuania 3% and in Latvia 6%. Retail sales in euros in Russia decreased by 37% compared to same period previous year. In local currency retail sales decreased in Russia by 24%. In the same period sales area in Russia decreased by 23%. Baltika’s consolidated retail sales revenue for November was 4,750 thousand euros, decreasing in total in four markets by 5% compared to the same period last year.

In November one new Monton franchise store was opened in Spain, Tenerife. At the end of November Baltika Group had 133 stores, among which franchise stores: 5 in Russia, 6 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 decreased by 2% compared to the same period last year.

Wholesale decreased by 51% and e-com increased by 51% compared to November in previous year.

Sales in November

Sales revenue for eleven months totalled 48,471 thousand euros, decreasing 4% compared to the same period last year. Retail sales revenue was 42,666 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 4,811 thousand euros (+1% yoy) and
e-com revenues 883 thousand euros (+112% 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 eleven months cumulative results of continuing operations.

Meelis Milder
Chairman of the Management Board
meelis.milder@baltikagroup.com