Baltika’s consolidated sales revenue for September totalled 5,144 thousand euros and increased by 10% compared to September previous year.
Baltika’s consolidated retail sales revenue for September totalled 4,774 thousand euros, which is an increase by 12% compared to the same period in previous year in a situation where the sales area shrunk by 7%. Retail sales efficiency (sales/m²) increased in September by 21%.
The sales growth was highest in Lithuania 23%, Latvia 19% and Estonia 13%, Ukraine with 5% had a growth, while retail sales decreased in Russia by 1%.
In the month of September, comparable stores sales (LFL) per square metre increased by 17%. Growth was achieved in Russia (+26%), Lithuania (+21%), Latvia (+20%), Ukraine (+14%) and Estonia (+12%).
In local currencies, comparable store sales per square metre increased in Russia by 21% and in Ukraine by 6%.
Wholesale increased in September by 1% compared to same period last year.
| Sales in September | |||
| EUR thousand | 2012 | 2011 | Change |
| Retail | 4,774 | 4,266 | 12% |
| Wholesale | 355 | 353 | 1% |
| Other | 15 | 49 | -69% |
| Total | 5,144 | 4,668 | 10% |
At the end of September Baltika Group had 106 stores with a total sales area of 21,536 square metres.
Consolidated sales revenue for the first nine months totalled 40,133 thousand euros (+6% yoy), including retail revenues of 37,139 thousand euros (+5% yoy) and wholesale revenues of 2,352 thousand euros (+7% yoy).
Nine months retail sales efficiency increased by 14%, compared to the same period last year.
| Sales efficiency (sales/m²) | 9m 2012 |
| Latvia | 22% |
| Estonia | 14% |
| Russia | 14% |
| Lithuania | 9% |
| Ukraine | 6% |
| Total | 14% |
Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com