Atnaujinta: 2024.07.21 19:02 (GMT+3)
Baltika FINANCIAL RESULTS 03/17/2004
BALTIKA GROUP RESULTS 2 MONTHS 2004
The unaudited consolidated net sales of Baltika in the first
two months of 2004 were 84,63 MEEK/ 5,41 MEUR, which is 15 %
more than in the same period of 2003 (73,55 MEEK/4,7 MEUR).
Net sales of February grew by 20% compared to February 2003,
forming 44,03 MEEK/2,8 MEUR (in February 2003 36,69
MEEK/2,34 MEUR).
Retail sales of two months amounted to 50,29 MEEK/3,21 MEUR
(19% growth), incl. 25,19 MEEK / 1,61 MEUR in February (23%
growth). Sales grew in all the Baltika’s retail markets
except for Poland, where the level of 2003 was maintained
with sales below 1,16 MEEK/0,07 MEUR. The beginning of the
year was most successful for the Estonian market, where
sales of two months are increased by 33% compared to the
last year, incl. 55% in February. Sales in like-for-like
spaces (comparable outlets during a comparable period) grew
by 15%, incl. 24,6 % in February.
In February Baltika reached a break-even point. Baltika
Group’s profit in February before minority interests was
0,32 MEEK/0,02 MEUR, wherefrom parent company’s profit was
0,01 MEEK. The cumulative net loss of concern for two
months was 4,5 MEEK/ 0,29 MEUR, which is by 66,8% better
than results of two months in 2003 (-13,56 MEEK/-0,87 MEUR).
AS Baltika will announce preliminary results of March in
week 17 of 2004.
Ülle Järv
Management Board member
+372 6302 731