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Baltika increased sales revenue by 20% in August y-o-y
BC, Tallinn, 01.09.2014.
Print version
Print versionEstonia’s Baltika generated nearly five million euros in consolidated sales revenue in August 2014, which was 20% more than during the same month last year, writes Postimees Online.
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Consolidated sales revenue generated by the group amounted to 4.9 million euros, and retail sales accounted for 4.4 million euros. Retail sales grew by 22% in comparison with August last year, wholesale volume grew by 2% and e-commerce sales grew by 163%.
Retail sales grew the fastest on the Latvian market, by 40%. Year-on-year growth on the Estonian market was 10%, on the Lithuanian market 24% and on the Russian market 27%.
As of end of August, Baltika operated a total of 122 stores, including two franchise stores in Belarus and 17 franchise stores in Ukraine.
Eight-month sales revenue amounted to 35 million euros, growing by 7% in the year-on-year comparison.
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