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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 22:33

Revenue of Tallinna Kaubamaja grew by 3.8% to in 2015

BC, Tallinn, 11.02.2016.Print version
In 2015, the consolidated revenue of the listed Estonian retailer Tallinna Kaubamaja Grupp increased by 3.8% on year to 555.4 million euros, reports LETA/BNS.

The group's total profit was 22.1 million euros last year, up from 20.3 million euros a year earlier, the company told the stock exchange. In the fourth quarter the group's sales increased from 145.5 million to 152.9 million euros and profit from 10 million to 10.6 million euros.

 

"The year 2015 that offered stability and a strong growth in retail business was not equally generous to all retailing segments, leaving the fashion and foodstuff sellers with lower growth than on average. Compared to Estonian statistics, we can still be satisfied with the group's sales revenue growth," the group's board said in a press release.

 

"We experienced a seasonal shift in the fourth quarter, a usual occurrence in recent years, resulting in a long warm autumn that lasted until the end of December. The latter reduced the expected revenue from the sale of fashion goods. The supermarket segment showed a continued strong sales growth with the help of the new Viimsi store and e-shop," the board added.

 

The footwear segment that faces fierce competition achieved a significant sales growth despite unfavorable weather conditions. The car trade segment achieved a superb sales result in the fourth quarter, primarily with the help of sales campaigns. The group's profit earned in the fourth quarter increased by 2.3 million euros on account of revaluation of the assets of the real estate segment, the company said.  

 

In the supermarkets segment, meaning the Selver chain, sales in 2015 increased by 33.1% on year to 10.8 million euros.

 

The sales revenue of the department stores business segment was 95.6 million euros in 2015, a year-on-year growth of 3.3%. Of this result, the fourth quarter sales revenue was 29 million euros, which was 2.3% higher compared to the revenue earned in the fourth quarter of 2014.  

 

The sales revenue of 2015 of the car trade segment was 60.8 million euros. The sales revenue exceeded the revenue earned in the previous year by 5.3%, whereas the sales revenue of KIAs grew 7.1%. In 2015, altogether 3,011 new vehicles were sold, of which 745 vehicles in the fourth quarter. The net profit of the segment of 2015 was 1.5 million euros, showing a smaller profit by 9.6% compared to the year before. The net profit of the fourth quarter was 200,000 euros, which is lower by 400,000 euros of the year before.  

 

The sales revenue of the footwear trade segment in 2015 was 11.9 million euros, which decreased by 10.7% in a year. The turnover in the fourth quarter was 3.4 million euros, a growth of 7.7% year-on-year.






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