Baltika’s consolidated sales revenue from continued operations for June totalled
3,617 thousand euros, decreasing by 9% compared to the same period last year.
Baltika’s retail sales for June decreased by 5% compared to the same period last year, thereof decrease in Estonia 2% and in Lithuania and in Latvia 7%. Baltika’s consolidated retail sales revenue for June was 3,483 thousand euros.
At the end of June 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 2% compared to the same period last year.
Wholesale decreased by 81% and e-com sales increased by 18% compared to June in previous year.
Sales in June
| EUR thousand | 2016 | 2015 | Change |
| Retail | 3,483 | 3,650 | -5% |
| Wholesale (incl. franchise) | 51 | 275 | -81% |
| E-com sales | 65 | 55 | 18% |
| Other | 18 | 16 | 13% |
| Total | 3,617 | 3,996 | -9% |
| Retail sales in Russia* | 0 | 380 | -100% |
*Discontinued operations
Sales revenue for six months totalled 22,330 thousand euros, decreasing 4% compared to the same period last year. Retail sales revenue from continued operations was 18,716 thousand euros (-7% yoy). At the same period the Group’s average retail sales area increased by 2%. Wholesale was 2,979 thousand euros (+9% yoy) and e-com revenue 500 thousand euros (+2% 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