Baltika’s consolidated sales revenue from continued operations for April totalled 4,145 thousand euros, increasing by 3% compared to the same period last year.
Baltika’s retail sales for April decreased by 3% compared to the same period last year, thereof decrease in Estonia 1%, in Lithuania 2% and in Latvia 5%. Baltika’s consolidated retail sales revenue for April was 3,266 thousand euros.
At the end of April Baltika Group had 129 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 93 shops operated by Baltika, shops average month sales area increased by 3% compared to the same period last year.
Wholesale increased by 35% and e-com by 11% compared to April in previous year.
Sales in April
| EUR thousand | 2016 | 2015 | Change |
| Retail | 3,266 | 3,351 | -3% |
| Wholesale (incl. franchise) | 761 | 565 | 35% |
| E-com sales | 99 | 89 | 11% |
| Other | 19 | 10 | 90% |
| Total | 4,145 | 4,015 | 3% |
| Retail sales in Russia* | 0 | 336 | -100% |
*Discontinued operations
Sales revenue for four months totalled 14,650 thousand euros, decreasing 4% compared to the same period last year. Retail sales revenue from continued operations was 11,694 thousand euros (-8% yoy). At the same period the Group’s average retail sales area increased by 3%. Wholesale was 2,545 thousand euros (+17% yoy) and e-com revenue 351 thousand euros (-1% 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