The Baltika Group is a fashion retailer operating five retail concepts: Monton, Mosaic, Baltman, Bastion and Ivo Nikkolo. Group brands are represented in Eastern and Central Europe. Baltika employs a vertically integrated business model which means that the Group controls all stages of the fashion process: design, manufacturing, supply chain management, distribution/logistics and retail sales. Such a model enables Baltika quickly respond to customers´ needs and wishes. From May 2013 Baltika also represents Blue Inc London brand in the Baltics.

  Baltika’s second-quarter net profit from continuing operations totalled 405 thousand euros, comparative figure in prior year was 641 thousand euros profit. Wholesale and franchise showed the biggest sales growth.
  The first quarter of 2014 showed the strongest financial results from the Baltic markets in five years, negative effects from Russian market led to weaker Baltika Group results. To reduce financial risks regarding Eastern European market, Baltika decided to sell the retail business in Ukraine.
  Baltika Group year 2013 profit before tax was 0.3 million euros and net profit 0.1 million euros. Strong results in Baltic markets were evened out by the results of Russian and Ukrainian markets.