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Stock exchange news |
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Sales in March |
07.04.2005 |
Baltika's March net turnover totalled 53.55 million EEK (3,42 m EUR) a 19.3% increase on the same period last year. Retail trade increased by 36% to 38.4 million EEK (2.45 m EUR), with a percentage net turnover of 72%.
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The high sales figures in March were the result of the good early sales performance of the new spring-summer collections, which was aided by the warm and sunny weather towards the close of the month.
Baltika’s largest fast fashion brand, Monton, comprised 55% of March sales, amounting to 20.9 million EEK (1.34 m EUR). These figures represent an increase of 15% compared to last year. CHR/Evermen had the largest retail increase 38% in March reaching 9.5 million EEK (0.61 m EUR). Baltman had a 34% increase in retail trade in March reaching 3.5 million EEK (0.22 m EUR).
During March, sales increases were noted in all Baltika’s markets, the largest of which were in Estonia (29%), Latvia (27%), and Ukraine (14%). Ukraine became Baltika’s biggest Monton market, largely as a result of the exposure Monton received from being crowned best women clothing brand "Choise of the Year 2004".
In March, a new CHR/Evermen store was opened in Tartu Lõunakeskus (Estonia) while Blauhaus, a factory outlet store in Pärnu (Estonia), was closed.
As of the end of March, Baltika Group has 76 shops in its retail chain.
In March, wholesale turnover totalled 13.9 million EEK (0.89 m EUR), 9% more that last year.
Figures for the first quarter show a total consolidated net turnover totalling 151.33 million EEK (9.67 m EUR), a 16% increase on the same period last year, including retail turnover of 113.13 million EEK (7.23 m EUR, a 43% increase) and wholesale turnover of 34.3 million EEK (2.19 m EUR, a 13% decrease).
Due to Baltika’s 50% participation in Baltika Tailor OÜ, a joint venture established in 2004, the consolidated sales results do not report the subcontracting figures for 2005, amounting to 11.5 M EEK (15.65 m EUR) in 2004 (for the same period). Therefore, retail and wholesale totalled 147.4 M EEK (9.42 m EUR), showing a 24% increase when compared to last year.
Ülle Järv
CFO
AS Baltika
+ 372 6302 731
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