BALTIKA

COMMENTARY TO FINANCIAL RESULTS



PRELIMINARY CONSOLIDATED FINANCIAL RESULTS 2000



AS Baltika consolidated and unaudited net turnover in 2000 amounted 

to EEK 340.8 mln, which is EEK 51.8 mln (18%) more than in 1999 

(net turnover EEK 289 mln). AS Baltika sold its products in 13 

countries; total exports were EEK 224.4 mln (EEK 186.4 mln in 1999), 

which is EEK 38 mln (20%) more than in 1999. Among the key factors 

contributing to growth in sales was increased number of retail sales 

premises: the company opened 8 new stores under its own name (2 in 

Poland, 1 in Sweden, 2 in Lithuania, 1 in Ukraine, 2 in Estonia) and 

5 stores under franchise contracts (2 in Latvia, 3 in Russia).



AS Baltika consolidated and unaudited net profit in 2000 was 

EEK 16.5 mln; Baltika group’s net profit was EEK 14.3 mln. 

Compared with 1999 results the consolidated net profit grew by 

EEK 14.7 mln and group’s net profit by EEK 13.1 mln (1999 

consolidated net profit EEK 1.8 mln and group’s EEK 1.2 mln).



AS Baltika will publish audited and consolidated annual report for 

year 2000 on 15.03.2001.





Ülle Järv

Management Board member

+372 63 02 741