Sales in August

9/3/2012 8:17 AM EST

Baltika
Company Announcement 

Sales in August

Baltika’s consolidated sales revenue for August totalled 4,738 thousand euros
and increased by 7% compared to August previous year. 

Baltika’s consolidated retail sales revenue for August totalled 4,350 thousand
euros, which is an increase by 9% 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 August by 17%. 

The sales growth was highest in Latvia 20%, Estonia 14% and Lithuania 12%.
Ukraine with 3% had a growth, while retail sales decreased in Russia by 3%. 

In the month of August, comparable stores sales (LFL) per square metre
increased by 15%. Growth was achieved in Latvia (+18%), Russia (+16%), Estonia
(+14%), Lithuania (+14%), and in Ukraine (+11%). 
In local currencies, comparable store sales per square metre decreased in
Ukraine by 4% and increased in Russia by 12%. 

Wholesale decreased in August by 4% compared to same period last year.


Sales in August                      
EUR thousand      2012   2011  Change
Retail           4,350  4,003      9%
Wholesale          372    388     -4%
Other               16     43    -63%
Total            4,738  4,434      7%

At the end of August Baltika Group had 106 stores with a total sales area of
21,550 square metres. 
Consolidated sales revenue for the first eight months totalled 34,987 thousand
euros (+5% yoy), including retail revenues of 32,365 thousand euros (+4% yoy)
and wholesale revenues of 2,002 thousand euros (+8% yoy). 

Eight months retail sales efficiency increased by 14%, compared to the same
period last year. 

Sales efficiency (sales/m²)  8m 2012
Latvia                           22%
Estonia                          14%
Russia                           12%
Lithuania                         8%
Ukraine                           5%
Total                            14%

Maigi Pärnik
Member of the Management Board