Sales in July

Baltika’s consolidated sales revenue for July totalled 4,469 thousand euros and increased by 1% compared to July previous year.

Baltika’s consolidated retail sales revenue for July totalled 4,109 thousand euros, which is a decrease by 2% compared to the same period in previous year in a situation where the sales area shrunk by 10%. Retail sales efficiency (sales/m²) increased in July by 9%.

The growth was highest in Latvia and Ukraine with 12% and 7% accordingly. Lithuania with 4% and Estonia with 1% had a growth, while retail sales decreased in Russia by 13%.

In the month of July, comparable stores sales (LFL) per square metre increased by 5%. Growth was achieved in Ukraine (+16%), Latvia (+9%), Lithuania (+6%), Russia (+2%) and no change in Estonia.
In local currencies, comparable store sales per square metre increased in Ukraine by 1% and in Russia by 3%.

Wholesale increased in July by 43% compared to same period last year.

At the end of July Baltika Group had 106 stores with a total sales area of 21,368 square metres.
Consolidated sales revenue for the first seven months totalled 30,269 thousand euros (+5% yoy), including retail revenues of 28,018 thousand euros (+4% yoy) and wholesale revenues of 1,645 thousand euros (+13% yoy).

Seven months retail sales efficiency increased by 13%, compared to the same period last year.

Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com