OREANDA-NEWS. Baltika’s consolidated sales revenue for December totalled 4,795 thousand euros, decreasing by 5% compared to the same period last year.

Baltika’s retail sales in the Baltic states for December remained on a same level as last year thereof increase in Estonia 4% and decrease in Lithuania 6%, in Latvia retail sales remained on a same level as last year. Retail sales in euros in Russia decreased by 24% compared to same period previous year. In local currency retail sales decreased in Russia by 18%. In the same period sales area in Russia decreased by 23%. Baltika’s consolidated retail sales revenue for December was 4,548 thousand euros, decreasing in total in four markets by 3% compared to the same period last year.

At the end of December Baltika Group had 133 stores, among which franchise stores: 5 in Russia, 6 in Spain, 2 in Belarus and 15 in Ukraine. At the end of month there was 105 shops operated by Baltika, shops average month sales area decreased by 2% compared to the same period last year.

Wholesale decreased by 53% and e-com increased by 32% compared to December in previous year.

Sales in December

EUR thousand 2015 2014 Change
Retail 4,548 4,674 -3%
Wholesale (incl. franchise) 145 309 -53%
E-com sales 86 65 32%
Other 16 10 60%
Total 4,795 5,058 -5%

Sales revenue for twelve months totalled 53,271 thousand euros, decreasing 4% compared to the same period last year. Retail sales revenue was 47,216 thousand euros (-5% yoy), thereof the Baltic states sales increased by 1%. At the same period the Group’s average retail sales area decreased by 2%. Wholesale was 4,956 thousand euros (-2% yoy) and
e-com revenues 971 thousand euros (+101% yoy).

In connection with Baltika’s reorganisation of 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. In 2014 comparative figures sales announcement presents only the twelve months cumulative results of continuing operations.