AS KALEV

ANNOUNCEMENT

18.02.99

 

AS KALEV 1998 SALES COMMENTARY

 

In 1998, AS Kalev sold confectionery products in the amount of 

12754.1 tons, i.e. 88.4% of the sales volume of 1997 (14430.8 

tons). The share of exports was 48.4%, i.e. 79.6% of the 1997 

export volume. 24.8% of total sales was made to Russia, and its 

share of exports was 51.1%. 80% of the sales to Russia during 

1998 were made during the I half year. The share of products 

exported to Russia was 11%, and 22.4% of exports, whereas the 

respective percentage increased to 28% by the end of the year. 

Total exports to the Republics of Latvia and Lithuania were 

approximately the same: 11.5% of total sales, 23.7% of total 

exports, and including the respective year-end increase, to 

38%. In 1998, 46.5 tons of Christmas products were exported, 

which is 69.7% of the volume of the respective products exported 

in 1997, and accounted for 15% of the total sales of Christmas 

products.

 

68% of the IV quarter production was sold in Estonia. 

Regardless of the general decline in the market volume, the 

Christmas sales were a success. 261.1 tons of Christmas products 

were sold in Estonia, which is 3% more than in 1997. The most 

favored Christmas products were candy mixes, especially 

"Jõulumajake", "Jõulupakk" and "Linnumajake". The most 

favored chocolate bars were "Lõbus talv" and "Magusaid jõule". 

 

In January, 652 tons of confectionery products were sold. 55.8% 

of production was sold in Estonia, and 44.2% was exported. The 

main share of the exported products were sold to Ukraine 

(47.6%) and Balti Republics (45,8%). Export to Russia was 

almost non-existent: 0,7% of total sales. 

 

Tiina Altmets

Information manager

+372 650 8711