BLT: Sales in February
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2010-03-02
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Raktiniai žodžiai:
Baltika,
BLT
BLT: Sales in February
Baltika Company Announcement 02.03.2010
Sales in February
Baltika's consolidated retail sales revenue for February 2010 totalled 44.1
million kroons and decreased by 20% compared to February previous year.
Retail sales in February clearly show the continued improvement we have
experienced in the business in the last three months: sales for November were
-32%, December -26%, January -22% and February -20%. In Estonia (our biggest
Market by revenue) sales in February were level with February 2009. In the
month of February, retail sales decreased by 16% in Eastern Europe, 19% in
Baltic and 33% in Poland.
Baltika's consolidated revenue for February totalled 49.3 million kroons and
decreased by 27%.
Sales in February
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| EEK million | 2/2010 | 2/2009 | Change |
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| Retail | 44.1 | 55.0 | -19.9% |
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| Wholesale | 4.6 | 12.6 | -63.5% |
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| Other | 0.6 | 0.10 | 650.0% |
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| Total | 49.3 | 67.7 | -27.2% |
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In the month of February, Wholesale revenue decreased by 63.5%. The decline in
wholesale revenue is largely attributable to developments in the Russian market
where a wholesale partner's seven stores were taken over and integrated into
Baltika's retail system in May 2009.
Consolidated sales revenue for the first two months totalled 116 million kroons
(-25% yoy), including retail revenues of 103 million kroons (-21%) and wholesale
revenues of 11 million kroons (-49%).
Three stores were closed in Ukraine and one store was opened in Estonia in
February. The number of stores amounted to 130 at the end of the month (133
stores at the end of February 2009).
EUR 1 = EEK 15.6466
Ülle Järv
CFO, Member of the Management Board
+372 630 2731