Sales in November

Baltika’s consolidated sales revenue from continued operations for November totalled 4,285 thousand euros, decreasing by 9% compared to the same period last year.

Baltika’s retail sales for November decreased by 14% compared to the same period last year, thereof decrease in Estonia 12%, Lithuania 18% and in Latvia 14%. Baltika’s consolidated retail sales revenue for November was 3,761 thousand euros.

In November one new Baltman retail store was opened in Riga Mols shopping centre in Latvia. At the end of November Baltika Group had 128 stores, among which franchise stores: 16 in Ukraine, 12 in Russia, 3 in Spain and 2 in Belarus. At the end of month there were 95 shops operated by Baltika, shops average month sales area decreased by 1% compared to last year same period level.

Wholesale increased by 74% and e-com sales increased by 17% compared to November in previous year.

Sales in November

*Discontinued operations

Sales revenue for eleven months totalled 43,029 thousand euros, decreasing 3% compared to the same period last year. Retail sales revenue from continued operations was 35,813 thousand euros (-7% yoy). At the same period the Group’s average retail sales area increased by 1%. Wholesale was 6,052 thousand euros (+26% yoy) and e-com revenue 970 thousand euros (+10% 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