International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 18:09
Rautakesko loss fell to 4.4 mln euros in 2011
The turnover growth was mainly based in the increase of market share, said the company.
Sale to private clients formed 55% of the turnover, by a percent less than a year earlier while the share of sales to corporate clients grew by 1% to 45%.
Rautakesko board chairman Alo Ivask said that last year, an important milestone in the company's development was merging the management of Estonian and Latvian companies as the centralised management structure has cut costs considerably and led to increase of sales results in both states.
The company employed an average of 430 people in Estonia last year.
9 stores operate under the K-rauta brand in Estonia. The company doesn't intend to open any new ones this year.
Rautakesko AS is part of the Finnish trade and logistics concern Kesko.