Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Baltika Group Men's clothing sales decline
Baltika Group Men's clothing sales decline
Jul '08
Baltika's second-quarter profits grew by more than two times in a year, amounting to 1.2 million Euros; all profitability indicators have demonstrated improvement.

“Our results achieved in the second quarter cement the turn that has taken place in profitability for Baltika Group,” commented CEO of the enterprise Meelis Milder. “All profitability indicators have improved significantly in the year-on-year comparison in the second quarter. Major investments made in the years 2006 and 2007 to the Eastern European markets, which temporarily lowered our efficiency indicators, are all the more important today as these are practically the only markets in Europe where economy and consumption are growing in an accelerating pace.”

Meelis Milder continued sharing good news – “Our large markets in Russia, Ukraine and in Poland earned profits on the store levels in the second quarter; a year ago only one of them was earning a profit. Despite the cooling of the economy on the Baltic markets, our brand portfolio is also demonstrating its high quality. Very good reception of women's collections compensates for the decline in the sales of men's clothing in the Baltic States. At the same time, sales by Monton and by Mosaic on major markets are showing two-digit growth indicators.”

“I am satisfied that focussing during the past twelve months on improving efficiency of the retail system that expanded to fast growing and new markets has started bearing fruit,” noted Milder.

Sales growth was achieved on all markets in the second quarter. Second-quarter growth on the Russian, Ukrainian and Polish markets – by 19 percent, 27 percent and by 24 percent respectively – is a particularly good sign, taking into account the fact that the sales area on the said markets has practically not been increased at all within the past year.

Retail sales in Estonia grew by 1 percent in the second quarter in comparison to the previous year, in Latvia the growth was 8 percent and in Lithuania 5 percent – and these results are very good in the context of cooling economies in the Baltic States.

Fast fashion brand Monton contributed more than half of the retail sales of the Baltika Group in the second quarter, as its turnover amounted to 9,2 million Euros, growing by 15 percent in comparison to the previous year. Sales growth in the enterprise's brand portfolio was the fastest for Ivo Nikkolo, which grew by 44 percent in the second quarter; its turnover amounted to 1 million Euros.

Sales revenue generated by Baltika Group in the first half of the year amounted to 35.2 million Euros, a profit of 0,5 million Euros was earned during the first six months.

Baltika Group

Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...



Italtex is a leading studio publishing fabric trend-books since 1959....

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search