Sales in September


Baltika’s consolidated sales revenue from continued operations for September totalled 3,760 thousand euros, increasing by 1% compared to the same period last year.

Baltika’s retail sales for September decreased by 10% compared to the same period last year, thereof decrease in Estonia 2%, Lithuania 16% and in Latvia 17%. Baltika’s consolidated retail sales revenue for September was 2,838 thousand euros.

At the end of September Baltika Group had 127 stores, among which franchise stores: 16 in Ukraine, 12 in Russia, 3 in Spain and 2 in Belarus. At the end of month there was 94 shops operated by Baltika, shops average month sales area stayed on last year same period level.

Wholesale increased by 71% and e-com sales increased by 7% compared to September in previous year.

Sales in September

EUR thousand 2016 2015 Change
Retail 2 838 3 163 -10%
Wholesale (incl. franchise) 841 492 71%
E-com sales 79 74 7%
Other 2 5 -60%
Total 3 760 3 734 1%
Retail sales in Russia* 0 352 -100%

*Discontinued operations

Sales revenue for nine months totalled 34,248 thousand euros, decreasing 3% compared to the same period last year. Retail sales revenue from continued operations was 28,263 thousand euros (-7% yoy). At the same period the Group’s average retail sales area increased by 2%. Wholesale was 5,088 thousand euros (+21% yoy) and e-com revenue 748 thousand euros (+7% 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