Baltika’s consolidated sales revenue from continued operations for May totalled 3,978 thousand euros, decreasing by 2% compared to the same period last year.
Baltika’s retail sales for May decreased by 5% compared to the same period last year, thereof sales in Estonia remained on the same level as last year, decreased in Lithuania 9% and in Latvia 7%. Baltika’s consolidated retail sales revenue for May was 3,521 thousand euros.
In May one new multibrand store was opened in Tartu Kvartal shopping centre. At the end of May Baltika Group had 130 stores, among which franchise stores: 15 in Ukraine, 13 in Russia, 6 in Spain and 2 in Belarus. At the end of month there was 94 shops operated by Baltika, shops average month sales area increased by 1% compared to the same period last year.
Wholesale increased by 14% and e-com by 4% compared to May in previous year.
Sales in May
| EUR thousand | 2016 | 2015 | Change |
| Retail | 3,521 | 3,690 | -5% |
| Wholesale (incl. franchise) | 317 | 279 | 14% |
| E-com sales | 84 | 81 | 4% |
| Other | 56 | 17 | 229% |
| Total | 3,978 | 4,067 | -2% |
| Retail sales in Russia* | 0 | 387 | -100% |
*Discontinued operations
Sales revenue for five months totalled 18,691 thousand euros, decreasing 3% compared to the same period last year. Retail sales revenue from continued operations was 15,216 thousand euros (-7% yoy). At the same period the Group’s average retail sales area increased by 2%. Wholesale was 2,927 thousand euros (+20% yoy) and e-com revenue
431 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