Baltika’s consolidated sales revenue for October totalled 5,162 thousand euros and increased by 1% compared to October previous year.
Baltika’s consolidated retail sales revenue for October totalled 4,944 thousand euros, which is an increase by 1% compared to the same period in previous year in a situation where the sales area shrunk by 6%. Retail sales efficiency (sales/m²) increased in October by 8%.
The sales growth was in Lithuania 11%, Latvia 8% and Estonia 7%. Retail sales decreased in Ukraine by 13% and in Russia by 12%.
In the month of October, comparable stores sales (LFL) per square metre increased by 7%. Growth was achieved in Russia (+13%), Lithuania (+10%), Latvia (+10%) and Estonia (+5%), sales decreased in Ukraine (-3%). In local currencies, comparable store sales per square metre increased in Russia by 6% and decreased in Ukraine by 8%.
Wholesale increased in October by 34% compared to same period last year.
| Sales in October | |||
| EUR thousand | 2012 | 2011 | Change |
| Retail | 4,944 | 4,880 | 1% |
| Wholesale | 200 | 149 | 34% |
| Other | 18 | 73 | -75% |
| Total | 5,162 | 5,102 | 1% |
At the end of October Baltika Group had 106 stores with a total sales area of 21,536 square metres.
Consolidated sales revenue for the first ten months totalled 45,307 thousand euros (+5% yoy), including retail revenues of 42,081 thousand euros (+5% yoy) and wholesale revenues of 2,555 thousand euros (+9% yoy).
Ten months retail sales efficiency increased by 13%, compared to the same period last year.
| Sales efficiency (sales/m²) | 10m 2012 |
| Latvia | 21% |
| Russia | 14% |
| Estonia | 11% |
| Lithuania | 9% |
| Ukraine | 5% |
| Total | 13% |
Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com