Baltic, Estonia, Markets and Companies, Textile

Baltika's retail sales in the Baltic countries for November remained on a same level as last year, increasing 5% in Estonia while decreasing 3% in Lithuania and 6% in Latvia, the company told the stock exchange.

Retail sales in euros in Russia decreased by 37% compared to same period in the previous year. In local currency retail sales decreased in Russia by 24%. In the same period sales area in Russia decreased by 23%.

Baltika's consolidated retail sales revenue for November was 4.8 million euros, decreasing in total on four markets by 5% compared to the same period last year.

In November, the company opened a new Monton franchise store in Tenerife, Spain. At the end of November Baltika had 133 stores, including franchise stores: 5 in Russia, 6 in Spain, 2 in Belarus and 15 in Ukraine. At the end of the month there were 105 shops operated by Baltika, the shops' average month sales area decreased by 2% compared to the same period last year.