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Baltika’s third quarter financial results were shaped by rearrangement of the wholesale and franchise operating model

Baltika Group ended the third quarter with a loss of 814 thousand euros. The result for the same period last year was a loss of 471 thousand euros. In the third quarter, Group’s revenue decreased 8% compared to same period last year and the reason was decrease in wholesale and franchise sale by 45%. The…

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  • 5
    Brands
  • 9
    Countries
  • 128
    Shops
  • 24 000
    Sales area, m2
  • 47.5 mln
    2017 group turnover, EUR
  • 1 000
    Employees