Sales in March
Baltika’s consolidated sales revenue from continued operations for March totalled 3,322 thousand euros, decreasing by 11% compared to the same period last year.
Baltika’s retail sales for March decreased by 14% compared to the same period last year, thereof decrease in Estonia 6%, in Lithuania 20% and in Latvia 23%. Baltika’s consolidated retail sales revenue for March was 2,630 thousand euros.
In March one new Monton franchise store was opened in Ukraine. At the end of March Baltika Group had 130 stores, among which franchise stores: 13 in Russia, 6 in Spain, 2 in Belarus and 15 in Ukraine. At the end of month there was 94 shops operated by Baltika, shops average month sales area increased by 2% compared to the same period last year.
Wholesale increased by 5% and e-com decreased by 15% compared to March in previous year.
Sales in March
| EUR thousand | 2016 | 2015 | Change |
| Retail | 2,630 | 3,071 | -14% |
| Wholesale (incl. franchise) | 580 | 555 | 5% |
| E-com sales | 87 | 102 | -15% |
| Other | 25 | 4 | 525% |
| Total | 3,322 | 3,732 | -11% |
| Retail sales in Russia* | 0 | 347 | -100% |
*Discontinued operations
Sales revenue for three months totalled 10,492 thousand euros, decreasing 6% compared to the same period last year. Retail sales revenue from continued operations was 8,428 thousand euros (-10% yoy). At the same period the Group’s average retail sales area increased by 2%. Wholesale was 1,776 thousand euros (+11% yoy) and
e-com revenues 250 thousand euros (-6% yoy).
In connection with Baltika’s reorganisation of Russian retail business and selling the company there (agreement was signed on 22 February 2016), the sales revenue of the Russian entity is presented as discontinued operation. In 2015 comparative figures sales announcement presents only the results of continuing operations.
Maigi Pärnik-Pernik
Member of the Management Board
maigi.parnik@baltikagroup.com