Fashion retailer Baltika's sales revenue slips 2% in June

04 Jul '14

2 min read

Baltika’s consolidated sales revenue from continued operations for June totalled 4,165 thousand euros, decreasing by 2% compared to the same period last year.

Baltika’s consolidated retail sales revenue for June was 4,020 thousand euros, decreasing 2% compared to the same period last year. Wholesale increased by 1% compared to June in previous year, e-com sales increased by 33%.

Retail sales increased in Baltic states by 1%, thereof in Latvia +13%, in Lithuania +3% and decreased in Estonia by 5%. In Russia retail sales decreased by 15% compared to same period previous year. In local currency sales decreased in Russia by 6%.

At the end of June Baltika Group had 126 stores, among which 2 franchise stores in Belarus and 17 franchise stores in Ukraine. At the end of month the sales area of shops operated by Baltika was 20,397 square metres and the month average sales area increased by 4% compared to the same period last year.

Consolidated sales revenue for the second quarter totalled 13,016 thousand euros, increasing +2% yoy. Retail sales revenue was 12,120 thousand euros (+1% yoy), including Baltic states sales growth +4%. Wholesale was 796 thousand euros (+39% yoy) and e-com revenues 65 thousand euros (+18% yoy).

Sales revenue for the 6 months totalled 25,187 thousand euros, increasing +3% yoy. Retail sales revenue was 23,229 thousand euros (+2% yoy), including Baltic states sales growth +7%. Wholesale was 1,745 thousand euros (+25% yoy) and e-com revenues 142 thousand euros (+41% yoy).

In connection with Baltika’s exit from the Ukrainian retail business and selling the company there (agreement was signed on 29 April 2014), the sales revenue of the Ukrainian entity is presented as discontinued operation. Sales announcement presents only the results of continuing operations unless indicated otherwise.

Baltika

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