International Internet Magazine. Baltic States news & analytics
Sunday, 07.02.2016, 03:12
Maxima Grupe (Maxima Group), the operator of the largest retail chain in the Baltics, said on Thursday that its consolidated revenue rose by 3.6% in 2015 compared with 2014 to reach 2.677 billion euros, not including VAT, informs LETA/BNS.
Keyword tags: EU – Baltic States, Good for Business, Lithuania, Markets and Companies, Retail
Net revenue of the retail organization of Estonian consumer associations Coop Eesti Keskuhistu (Coop Estonian Central Association), formerly known as ETK Grupp, in 2015 increased by 5% on year to 487.8 million euros, reports LETA/BNS.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to 2014, in 2015 retail trade turnover rose by 4.9%. Retail trade in food products grew by 2.8%, and turnover of non-food products – by 6.3%.
According to Statistics Estonia, in December 2015 compared to December 2014, the retail sales of goods of retail trade enterprises increased by 10% at constant prices. While in November, the retail sales increased by 6% compared to the same month of the previous year, in December the retail sales growth accelerated.
Statistics Lithuania informs that, based on provisional data, in December 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 869.0 million; against November, it increased by 19.2% at constant prices (seasonally and working day adjusted – by 0.3%).
The retail chain Rimi is developing a pan-Baltic e-commerce system and is planning to launch an e-store in Estonia in the coming few years, informs LETA.
Consolidated revenue of Acme Group, the leading Lithuania’s ICT equipment wholesaler and movie distributor, in 2015 rose by 38.8% to 335.05 million euros, from 241.31 million euros in 2014, informs LETA/BNS.