Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
4054
Attachments
Submission date and time
16.05.2013 09:45:07
Content of announcement in Estonian
Title
Baltika auditeerimata majandustulemused, esimene kvartal 2013
Message
<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Baltika parandas 2013. aasta esimese kvartali tulemust
440 tuhande euro võrra. Kvartali puhaskahjumiks kujunes 603 tuhat eurot, mis
võrreldes aasta taguse 1 043 tuhande euroga tähendab 42%-list
paranemist.</span></span>
<span style="font-family:Arial, Helvetica, sans-serif;">Parem tulemus saavutati
tänu 7%-lisele müügikasvule ja seda olukorras, kus müük oli aasta esimestel
kuudel võrreldes 2012. aastaga volatiilsem ja ilmastiku mõjutuste suhtes
tundlikum. Pea kõiki moekaubanduse ettevõtteid mõjutas märtsi tavapärasest
külmem ilm, mis tarbijate kevadrõivaste ostuvajadusi vähendas või edasi lükkas.
Samas kvartali alguskuud jaanuar ja veebruar olid tugevad ja ootuspärase
müügiga.</span>
<span style="font-family:Arial, Helvetica, sans-serif;">Jaemüük kasvas kõikides
Balti riikides: Eestis 17%, Lätis 9% ning Leedus 6%. Ukrainas ja Venemaal
müügid küll langesid, kuid see oli tingitud müügipinna vähenemisest ning
müügiefektiivsus kasvas kõikidel Baltika turgudel, saavutades keskmiseks
näitajaks 8%.</span>
<span style="font-family:Arial, Helvetica, sans-serif;">Eelmise aasta sama
perioodiga võrreldes tõusis brutokasumi marginaal 0,2 protsendipunkti. Samuti
avaldas positiivset mõju jätkuv kontroll kulude üle: opereerimiskulude suhe
müügitulusse paranes 2 protsendipunkti ulatudes 55%-ni.</span>
<span style="font-family:Arial, Helvetica, sans-serif;">Tuginedes senistele
tulemustele saavutab ettevõte juhtkonna hinnangul 2013. aastaks seatud
finantseesmärgid.</span>
<span style="font-family:Arial, Helvetica, sans-serif;">Kvartaliaruande
avalikustamiseni toimunud olulisemad sündmused</span>
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;"> Baltika
avas esimeses kvartalis oma juhtiva kaubamärgi Monton uue kontseptsiooni
esinduskauplused Baltikumi pealinnade kaubanduskeskustes: Tallinnas Viru
Keskuses, Riias Galerija Centrs’s ja Vilniuses
Akropolises.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;"> Baltika uusim bränd Bastion esitles 30. jaanuaril
esmakordselt oma kevadsuvist kollektsiooni, mis disainitud
Baltikas.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;"> Montoni e-pood montonfashion.com sai veebruaris aastaseks ja
võrreldes lansseerimisperioodiga on müük võrreldavatel kuudel kasvanud pea kolm
korda.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;">
Baltika sõlmis aprillis Montoni moekaupluste avamiseks Valgevenes
frantsiisilepingu jaekaubandusoperaatoriga Valanga OOO. Plaanis on lähema viie
aasta jooksul avada vähemalt 5 Montoni 150-250m2 müügipinnaga kauplust
Valgevenes. Esimene Montoni kauplus Valgevenes ja ühtlasi esimene Baltika
brändi frantsiisikauplus avatakse käesoleva aasta augustis
Minskis.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;"> 2013. aasta ühe eesmärgi, tõsta Baltika Grupi
brändiportfelli kõigi brändide rahvusvahelist konkurentsivõimet, raames
osaletakse Disainibuldooseri projektis. Disainibuldooser on aastani 2014 kestev
pilootprojekt, mis on ellu kutsutud Eesti Disainikeskuse, Majandus- ja
Kommunikatsiooniministeeriumi ning EAS-i poolt eesmärgiga tõsta Eesti
ettevõtete võimekust ja ekspordipotentsiaali.</span></li><li><span
style="font-family:Arial, Helvetica, sans-serif;"> Baltika alustas
koostöös Dan Pearlman bürooga Baltmani ja Bastioni uute poekontseptsioonide
väljatöötamist.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;"> Ivo Nikkolo brändi juhiks nimetati aprillis pika-ajaliselt
Baltika Grupis töötanud ja ka Bastioni brändi juhtiv Kaie
Kaas.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;">
Baltika aktsionäride üldkoosolek, mis toimus 10. mail, kinnitas 2012. aasta
majandusaasta aruande ning kasumi kandmise eelmise perioodide jaotamata
kasumisse. Koosolekul valiti 2013. aasta auditi läbiviijaks audiitorühing AS
PricewaterhouseCoopers.</span></li><li><span style="font-size:11pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Aprillis avati uued Montoni
poed: Ukrainas Kiievis SkyMall kaubanduskeskuses, Lätis Galleria Riga keskuses
ja Venemaal Ufa Semja keskuses; Mosaici pood avati Venemaal Ufa Mega keskuses
ning Eestis lisandus multibränd pood Moetänaval. Mais avati Ivo Nikkolo kauplus
Lätis Galleria Riga keskuses.</span></span></li></ul><span
style="font-family:Arial, Helvetica, sans-serif;"><strong
style="background-color: rgb(255, 255, 255);"><span
style="font-size:10pt;">Konsolideeritud</span> <span
style="font-size:10pt;">finantsseisundi aruanne</span></span>
<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">31.03.2013</span></span> <span
style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">31.12.2012</span></span>
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<span style="font-family:Arial, Helvetica, sans-serif;"><strong
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koondkasumiaruanne</span>
<span style="font-family:Arial, Helvetica,
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2013</span></span>
2012</span></span>
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Üldhal
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ud</sp
an></s
pan>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">28</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">33</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Muud
äritu
lud</s
pan></
span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-7</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-10</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Muud
äriku
lud</s
pan></
span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-527</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-790</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Ärikah
jum</s
pan></
span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">17</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">107</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Finant
stulud
</span
></spa
n>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-93</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-342</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Finant
skulud
</span
></spa
n>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-603</span></span> <span
style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-1
style
025</span></span>
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Kahjum
enne
maksu
stamis
t</spa
n></sp
an>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">0</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-18</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Tuluma
ks</sp
an></s
pan>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-603</span></span> <span
style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-1
style
043</span></span>
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Aruand
eperio
odi
puhas
kahjum
</span
></spa
n>
<span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Perioo
di
puhas
kahjum
i
jaotu
s:</sp
an></s
pan>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-603</span></span> <span
style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-1
style
044</span></span>
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Emaett
evõtja
osa</
span><
/span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">0</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">1</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Mittek
ontrol
liva
osalu
se
osa</
span><
/span>
<span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Muu
koond
kasum<
/span>
</span
>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">20</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">78</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Valuut
akursi
vahed
</span
></spa
n>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-583</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-965</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Aruand
eperio
odi
koond
kahjum
</span
></spa
n>
<span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Perioo
di
koond
kahjum
i
jaotu
s:</sp
an></s
pan>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-583</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-966</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Emaett
evõtja
osa</
span><
/span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">0</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">1</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Mittek
ontrol
liva
osalu
se
osa</
span><
/span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-0,02</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-0,03</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Tava
puhas
kahjum
aktsi
a
kohta
,
EUR</
span><
/span>
<span <span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:9pt;">-0,02</span></span> <span style="font-family:Arial,
Helvetica, sans-serif;"><span style="font-size:9pt;">-0,03</span></span>
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
"><spa
n
style
="font
-size:
9pt;">
Lahust
atud
puhas
kahjum
aktsi
a
kohta
,
EUR</
span><
/span>
<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Maigi Pärnik
Juhatuse liige</span></span>
<span style="font-size:11pt;font-family:Arial, Helvetica,
sans-serif;">[email protected]</span>
Content of announcement in English
Title
Baltika's unaudited financial results, first quarter 2013
Message
<span style="font-size:11pt;">Baltika improved in 2013 first quarter result by
440 thousand euros. Quarter’s net loss was 603 thousand euros, which signifies
compared to 1,043 thousand euros in prior year an improvement of 42%.</span>
Improvement in result was achieved owing to 7% sales growth and in a situation
where first months of the year sales have been more volatile and susceptible to
weather then in year 2012. Most fashion retailers were impacted by unusual cold
March, which either decreased or postponed client need to purchase spring
clothing. Meanwhile quarters first months January and February were strong and
met the sales plan.
Retail sales grew in all Baltic countries: Estonia 17%, Latvia 9% and Lithuania
6%. Sales decreased in Russia and Ukraine, which was due to decrease in sales
area; sales efficiency grew on all of Baltika’s markets, reaching on average
8%.
Quarter gross margin improved by 0.2 percentage points compared to same period
in prior year. Baltika’s continued cost control also had a positive effect:
operating expense to revenue ratio improved by 2 percentages to 55%.
Management believes based on current results that company will achieve
financial targets set for year 2013.
Highlights from the period until making quarterly report public
<ul><li> <span style="font-size:11pt;"> </span><span
style="font-size:11pt;">Baltika has opened in the first quarter new concept
flagship stores of its leading brand Monton in shopping centres of Baltic
capitals: Viru Center in Tallinn, Galerija Centrs in Riga and Akropolis in
Vilnius.</span></li><li><span style="font-size:11pt;"> Baltika’s newest
brand Bastion showed its spring-summer collection designed for the first time
in Baltika on 30 January.</span></li><li><span style="font-size:11pt;">
Monton e-store montonfashion.com had its first anniversary in February and
compared to the launch period sales have increased in comparable months nearly
three times.</span></li><li><span style="font-size:11pt;"> AS Baltika
signed in April a franchise agreement to open Monton fashion stores in Belarus
with retail operator Valanga OOO. The plan involves opening in the next five
years at least 5 Monton stores with 150-250 sqm operating area in Belarus. The
first Monton store in Belarus and at the same time Baltika’s first store under
franchise agreement will be opened this year in August in
Minsk.</span></li><li><span style="font-size:11pt;"> In line with the 2013
objective to increase international competitiveness of all brands in Baltika
Group brand portfolio, company participates in project Design Bulldozer. Design
Bulldozer is a pilot project running until 2014, which is originated by
Estonian Design Bureau, Ministry of Economic Affairs and Communications and
Enterprise Estonia to increase the capabilities and export potential of
Estonian companies.</span></li><li><span style="font-size:11pt;"> In
cooperation with Dan Pearlman agency Baltika started development of new store
concepts for Baltman and Bastion brands.</span></li><li><span
style="font-size:11pt;"> Ivo Nikkolo appointed as new brand manager Kaie
Kaas, who has long-term experience working in Baltika Group and is leading also
Bastion brand.</span></li><li><span style="font-size:11pt;"> Annual
general meeting of shareholders that took place on 10 May approved the 2012
Annual report and profit allocation. AS PricewaterhouseCoopers was elected as
the auditor for financial year 2013.</span></li><li><span
style="font-size:11pt;"> In April new Monton stores were opened: SkyMall
shopping centre in Kiev, Ukraine, Galleria Riga centre in Latvia and Ufa Semja
centre in Russia; Mosaic store in Ufa Mega centre in Russia and in Estonia
mixed brand store Moetänav. Ivo Nikkolo store was opened in Galleria Riga
centre in Latvia.</span></li></ul><strong style="font-size: 13px;
background-color: rgb(255, 255, 255);">Consolidated statement of financial
position<span style="font-size:11pt;"> </span>
<span style="font-size:9pt;">31 March <span
style="font-size:9pt;">31 Dec
2013</span>
2012</span>
--------------------------------------------------------------------------------
--------------
<span
style
="font
-size:
9pt;">
ASSETS
</span
>
<span
style
="font
-size:
9pt;">
Curren
t
asset
s</spa
n>
<span <span style="font-size:9pt;">815</span> <span
style="font-size:9pt;">2,078</span>
style
="font
-size:
9pt;">
Cash
and
cash
equiv
alents
</span
>
<span <span style="font-size:9pt;">2,125</span> <span
style="font-size:9pt;">1,836</span>
style
="font
-size:
9pt;">
Trade
and
other
recei
vables
</span
>
<span <span style="font-size:9pt;">11,455</span> <span
style="font-size:9pt;">11,471</span>
style
="font
-size:
9pt;">
Invent
ories<
/span>
<span <span style="font-size:9pt;">14,395</span> <span
style="font-size:9pt;">15,385</span>
style
="font
-size:
9pt;">
Total
curre
nt
asset
s</spa
n>
<span
style
="font
-size:
9pt;">
Non-cu
rrent
asset
s</spa
n>
<span <span style="font-size:9pt;">637</span> <span
style="font-size:9pt;">637</span>
style
="font
-size:
9pt;">
Deferr
ed
incom
e tax
asset
</span
>
<span <span style="font-size:9pt;">1,104</span> <span
style="font-size:9pt;">1,088</span>
style
="font
-size:
9pt;">
Other
non-c
urrent
asset
s</spa
n>
<span <span style="font-size:9pt;">2,810</span> <span
style="font-size:9pt;">2,256</span>
style
="font
-size:
9pt;">
Proper
ty,
plant
and
equip
ment</
span>
<span <span style="font-size:9pt;">4,090</span> <span
style="font-size:9pt;">4,150</span>
style
="font
-size:
9pt;">
Intang
ible
asset
s</spa
n>
<span <span style="font-size:9pt;">8,641</span> <span
style="font-size:9pt;">8,131</span>
style
="font
-size:
9pt;">
Total
non-c
urrent
asset
s</spa
n>
<span <span style="font-size:9pt;">23,036</span> <span
style="font-size:9pt;">23,516</span>
style
="font
-size:
9pt;">
TOTAL
ASSET
S</spa
n>
<span
style
="font
-size:
9pt;">
EQUITY
AND
LIABI
LITIES
</span
>
<span
style
="font
-size:
9pt;">
Curren
t
liabi
lities
</span
>
<span <span style="font-size:9pt;">1,649</span> <span
style="font-size:9pt;">1,598</span>
style
="font
-size:
9pt;">
Borrow
ings</
span>
<span <span style="font-size:9pt;">6,264</span> <span
style="font-size:9pt;">7,005</span>
style
="font
-size:
9pt;">
Trade
and
other
payab
les</s
pan>
<span <span style="font-size:9pt;">7,913</span> <span
style="font-size:9pt;">8,603</span>
style
="font
-size:
9pt;">
Total
curre
nt
liabi
lities
</span
>
<span
style
="font
-size:
9pt;">
Non-cu
rrent
liabi
lities
</span
>
<span <span style="font-size:9pt;">5,468</span> <span
style="font-size:9pt;">4,702</span>
style
="font
-size:
9pt;">
Borrow
ings</
span>
<span <span style="font-size:9pt;">21</span> <span
style="font-size:9pt;">25</span>
style
="font
-size:
9pt;">
Other
liabi
lities
</span
>
<span <span style="font-size:9pt;">5,489</span> <span
style="font-size:9pt;">4,727</span>
style
="font
-size:
9pt;">
Total
non-c
urrent
liabi
lities
</span
>
<span <span style="font-size:9pt;">13,402</span> <span
style="font-size:9pt;">13,330</span>
style
="font
-size:
9pt;">
TOTAL
LIABI
LITIES
</span
>
<span
style
="font
-size:
9pt;">
EQUITY
</span
>
<span <span style="font-size:9pt;">7,159</span> <span
style="font-size:9pt;">7,159</span>
style
="font
-size:
9pt;">
Share
capit
al at
par
value
</span
>
<span <span style="font-size:9pt;">94</span> <span
style="font-size:9pt;">63</span>
style
="font
-size:
9pt;">
Share
premi
um</sp
an>
<span <span style="font-size:9pt;">1,182</span> <span
style="font-size:9pt;">1,182</span>
style
="font
-size:
9pt;">
Reserv
es</sp
an>
<span <span style="font-size:9pt;">2,471</span> <span
style="font-size:9pt;">1,667</span>
style
="font
-size:
9pt;">
Retain
ed
earni
ngs</s
pan>
<span <span style="font-size:9pt;">-603</span> <span
style="font-size:9pt;">804</span>
style
="font
-size:
9pt;">
Net
profi
t
(loss
) for
the
perio
d</spa
n>
<span <span style="font-size:9pt;">-669</span> <span
style="font-size:9pt;">-689</span>
style
="font
-size:
9pt;">
Curren
cy
trans
lation
diffe
rences
</span
>
<span <span style="font-size:9pt;">9,634</span> <span
style="font-size:9pt;">10,186</span>
style
="font
-size:
9pt;">
TOTAL
EQUIT
Y</spa
n>
<span <span style="font-size:9pt;">23,036</span> <span
style="font-size:9pt;">23,516</span>
style
="font
-size:
9pt;">
TOTAL
LIABI
LITIES
AND
EQUIT
Y</spa
n>
<strong style="font-size: 13px; background-color: rgb(255, 255,
255);">Consolidated statement of comprehensive income
<span style="font-size:9pt;">Q1 <span
style="font-size:9pt;">Q1
2013</span>
2012</span>
--------------------------------------------------------------------------------
--------------
<span <span style="font-size:9pt;">13,186</span> <span
style="font-size:9pt;">12,643</span>
style
="font
-size:
9pt;">
Revenu
e</spa
n>
<span <span style="font-size:9pt;">-6,424</span> <span
style="font-size:9pt;">-6,188</span>
style
="font
-size:
9pt;">
Cost
of
goods
sold<
/span>
<span <span style="font-size:9pt;">6,762</span> <span
style="font-size:9pt;">6,455</span>
style
="font
-size:
9pt;">
Gross
profi
t</spa
n>
<span <span style="font-size:9pt;">-6,575</span> <span
style="font-size:9pt;">-6,584</span>
style
="font
-size:
9pt;">
Distri
bution
costs
</span
>
<span <span style="font-size:9pt;">-735</span> <span
style="font-size:9pt;">-684</span>
style
="font
-size:
9pt;">
Admini
strati
ve and
gener
al
expen
ses</s
pan>
<span <span style="font-size:9pt;">28</span> <span
style="font-size:9pt;">33</span>
style
="font
-size:
9pt;">
Other
opera
ting
incom
e</spa
n>
<span <span style="font-size:9pt;">-7</span> <span
style="font-size:9pt;">-10</span>
style
="font
-size:
9pt;">
Other
opera
ting
expen
ses</s
pan>
<span <span style="font-size:9pt;">-527</span> <span
style="font-size:9pt;">-790</span>
style
="font
-size:
9pt;">
Operat
ing
loss<
/span>
<span <span style="font-size:9pt;">17</span> <span
style="font-size:9pt;">107</span>
style
="font
-size:
9pt;">
Financ
e
incom
e</spa
n>
<span <span style="font-size:9pt;">-93</span> <span
style="font-size:9pt;">-342</span>
style
="font
-size:
9pt;">
Financ
e
costs
</span
>
<span <span style="font-size:9pt;">-603</span> <span
style="font-size:9pt;">-1,025</span>
style
="font
-size:
9pt;">
Loss
befor
e
incom
e
tax</
span>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">-18</span>
style
="font
-size:
9pt;">
Income
tax
expen
se</sp
an>
<span <span style="font-size:9pt;">-603</span> <span
style="font-size:9pt;">-1,043</span>
style
="font
-size:
9pt;">
Net
loss<
/span>
<span
style
="font
-size:
9pt;">
Loss
attri
butabl
e
to:</
span>
<span <span style="font-size:9pt;">-603</span> <span
style="font-size:9pt;">-1,044</span>
style
="font
-size:
9pt;">
Equity
holde
rs of
the
paren
t
compa
ny</sp
an>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">1</span>
style
="font
-size:
9pt;">
Non-co
ntroll
ing
inter
est</s
pan>
<span
style
="font
-size:
9pt;">
Other
compr
ehensi
ve
incom
e</spa
n>
<span <span style="font-size:9pt;">20</span> <span
style="font-size:9pt;">78</span>
style
="font
-size:
9pt;">
Curren
cy
trans
lation
diffe
rences
</span
>
<span <span style="font-size:9pt;">-583</span> <span
style="font-size:9pt;">-965</span>
style
="font
-size:
9pt;">
Total
compr
ehensi
ve
loss<
/span>
<span
style
="font
-size:
9pt;">
Compre
hensiv
e loss
attri
butabl
e
to:</
span>
<span <span style="font-size:9pt;">-583</span> <span
style="font-size:9pt;">-966</span>
style
="font
-size:
9pt;">
Equity
holde
rs of
the
paren
t
compa
ny</sp
an>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">1</span>
style
="font
-size:
9pt;">
Non-co
ntroll
ing
inter
est</s
pan>
<span <span style="font-size:9pt;">-0,02</span> <span
style="font-size:9pt;">-0,03</span>
style
="font
-size:
9pt;">
Basic
earni
ngs
per
share
,
EUR</
span>
<span <span style="font-size:9pt;">-0,02</span> <span
style="font-size:9pt;">-0,03</span>
style
="font
-size:
9pt;">
Dilute
d
earni
ngs
per
share
,
EUR</
span>
<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">Maigi Pärnik
Member of the Management Board</span></span>
<span style="font-family:Arial, Helvetica, sans-serif;"><span
style="font-size:11pt;">[email protected]</span></span>