Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
9472
Attachments
Submission date and time
19.04.2022 16:30:00
Content of announcement in Estonian
Title
BALTIKA AUDITEERIMATA MAJANDUSTULEMUSED, ESIMENE KVARTAL 2022
Message
Baltika Grupp lõpetas esimese kvartali 1 345 tuhande euro suuruse
puhaskahjumiga. Eelmise aasta sama perioodi kahjum oli 1 655 tuhat eurot. Seega
paranes tulemus 310 tuhande euro võrra vaatamata COVID-19 negatiivsetele
mõjudele ning samuti Venemaa ja Ukraina vahelisele ettearvamatule
sõjaolukorrale, mis mõjutas 2022 aasta esimeses kvartalis Grupi tulemust.
Grupi esimese kvartali müügitulu oli 2 075 tuhat eurot, vähenedes 3% võrreldes
eelmise aasta sama perioodiga, mil COVID-19 teise laine tõttu suleti osaliselt
poode kogu Baltikumis. Lisaks kannatas kogu Baltikum esimese kvartali jooksul
kõrge COVID-19 haigestumuse käes, mis mõjutas negatiivselt poodide külastatavust
ning pakkus väljakutseid kaupluste igapäevatöö korraldamisel, kuna viirus levis
laialdaselt ka poepersonali hulgas.
E-poe esimese kvartali müügitulu oli 337 tuhat eurot, mis on eelmise aasta sama
perioodiga võrreldes vähenenud 65%. 2021. aasta esimese kvartali tulemus ei ole
täielikult võrreldav, sest e-poe tulemus sisaldas peamiselt Baltmani ja Montoni
allahinnatud toodete müüki.
Kvartali brutokasum oli 849 tuhat eurot, vähenedes eelmise aasta sama perioodiga
võrreldes vaid 24 tuhande euro võrra (1 kv 2021: 873 tuhat eurot). Ettevõtte
brutokasumi marginaal oli esimeses kvartalis 40,91% ehk samal tasemel, mis
eelmisel aastal samal perioodil (1 kv 2021: 40,93%).
Grupi turustus- ja üldhalduskulud olid esimeses kvartalis 2 193 tuhat eurot,
vähenedes 17% ehk 2 636 tuhat eurot võrreldes eelmise aasta sama perioodiga.
Jaeturu kulude vähenemine on seotud üldiste kulude kokkuhoiuga ja kahjumlike
poodide sulgemisega. Peakontori turustus- ja üldhalduskulud on vähenenud veel
133 tuhande euro võrra võrreldes eelmise aasta sama perioodiga.
Baltika Grupp lõpetas kvartali 528 tuhande euroga raha ja raha ekvivalentidena,
kasutades kvartali lõpu seisuga panga arvelduskrediiti summas 2 559 tuhat eurot
(3 000 tuhande eurosest limiidist). Baltika jätkab strateegia elluviimist
arendades kaasaegseid kvaliteetseid tooteid oma naisterõivaste brändi Ivo
Nikkolo alt, mis on kättesaadav nii Eestis, Lätis ja Leedus ning e-poes.
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE 31.03.2022 31.12.2021
VARA
Käibevara
Raha ja raha ekvivalendid 528 614
Nõuded ostjatele ja muud nõuded 258 696
Varud 2 145 2 491
Käibevara kokku 2 931 3 801
Põhivara
Edasilükkunud tulumaksuvara 80 80
Muu pikaajaline vara 159 172
Materiaalne põhivara 1 131 855
Vara kasutusõigus 6 108 5 956
Immateriaalne põhivara 615 631
Põhivara kokku 8 093 7 694
VARA KOKKU 11 024 11 495
KOHUSTUSED JA OMAKAPITAL
Lühiajalised kohustused
Võlakohustused 362 364
Rendikohustis 1 730 1 692
Võlad hankijatele ja muud kohustused 2 685 2 438
Lühiajalised kohustused kokku 4 777 4 494
Pikaajalised kohustused
Võlakohustused 2 909 2 425
Rendikohustis 4 371 4 264
Pikaajalised kohustused kokku 7 280 6 689
KOHUSTUSED KOKKU 12 057 11 183
OMAKAPITAL
Aktsiakapital nimiväärtuses 5 408 5 408
Reservid 4 431 4 431
Eelmiste perioodide jaotamata kasum (-kahjum) -9 527 -6 627
Aruandeperioodi puhaskasum (-kahjum) -1 345 -2 900
OMAKAPITAL KOKKU -1 033 312
KOHUSTUSED JA OMAKAPITAL KOKKU 11 024 11 495
KONSOLIDEERITUD KASUMI- JA KOONDKASUMIARUANNE 1 kv 2022 1 kv 2021
Müügitulu 2 075 2 132
Müüdud kaupade kulu -1 226 -1 259
Brutokasum 849 873
Turustuskulud -1 831 -2 141
Üldhalduskulud -362 -495
Muud äritulud (-kulud) 82 234
Ärikasum (-kahjum) -1 262 -1 529
Finantskulud -83 -126
Kasum (-kahjum) enne maksustamist -1 345 -1 655
Tulumaks 0 0
Aruandeperioodi puhaskasum (-kahjum) -1 345 -1 655
-0,01 -0,03
Tava puhaskahjum aktsia kohta, EUR aruandeperioodi
puhaskahjumist
Lahustatud puhaskahjum aktsia kohta, EUR aruandeperioodi -0,01 -0,03
puhaskahjumist
Flavio Perini
Juhatuse esimees, tegevjuht
[email protected]
(https://www.globenewswire.com/Tracker?data=kFHNBackukURPkBgqkS4_rE3af1hnX2WFHbG
2wSR7vXFUqEGOGGmSPRDlIc9WjOAQqDFB7RSMzEQ85ZBuY29C0Tl8qAe5KVOTI4aqe67wM2z8cL_dSg7
ztp8hQ67cVvb)
Content of announcement in English
Title
Baltika’s Unaudited Financial Results, First Quarter of 2022
Message
Baltika Group ended the first quarter with a net loss of 1,345 thousand euros. The loss for the same period last year was 1,655 thousand euros. This signifies an improvement of 310 thousand euros despite the negative impact of COVID-19 spread all over the Baltics and the unpredictable war situation between Russia and Ukraine which has negatively affected the Group's performance during the first quarter of 2022. The Group's sales revenue for the first quarter was 2,075 thousand euros, decreasing by 3% compared to the same period last year when due to the second wave of COVID-19 stores were partially closed across the Baltics. In addition to that, the Group suffered during the whole Q1 2022 from the high level of COVID- 19 cases in all Baltic countries, which negatively affected the in-store traffic and created a lot of difficulties running daily in-store operations due to high level of COVID-19 spread also within the store staff. E-com sales revenue for the first quarter was 337 thousand euros, decreasing by 65% compared to the same period last year even if performance is not fully comparable due to the fact that during Q1 2021 the e-com performance included mostly sales of Baltman and Monton discounted products. The gross profit for the quarter was 849 thousand euros, decreasing by 24 thousand euros compared to the same period of the previous year (Q1 2021: 873 thousand euros). The company's gross profit margin was 40,91% the same level as in the first quarter of the previous year (Q1 2021: 40.93%). The Group's distribution and administrative expenses were 2,193 thousand euros in the first quarter, decreasing by 17% i.e., 2,636 thousand euros compared to the same period last year. The reduction in costs in the retail market is related to overall cost savings and the closure of unprofitable stores. The head-office distribution and administrative expense decreased a further 133 thousand euros compared to the same period last year. Baltika Group ended the year with cash and cash equivalents of 528 thousand euros, using the bank's overdraft facility in the amount of 2,559 thousand euros (out of the limit of 3,000 thousand euros) at the end of the quarter. Baltika will continue to implement the strategy - to develop modern high-quality products under its womenswear brand Ivo Nikkolo that is available in Estonia, Latvia and Lithuania and in the e-store. CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 March 2022 31 Dec 2021 ASSETS Current assets Cash and cash equivalents 528 614 Trade and other receivables 258 696 Inventories 2,145 2,491 Total current assets 2,931 3,801 Non-current assets Deferred income tax asset 80 80 Other non-current assets 159 172 Property, plant and equipment 1,131 855 Right-of-use assets 6,108 5,956 Intangible assets 615 631 Total non-current assets 8,093 7,694 TOTAL ASSETS 11,024 11,495 LIABILITIES AND EQUITY Current liabilities Borrowings 362 364 Lease liabilities 1,730 1,692 Trade and other payables 2,685 2,438 Total current liabilities 4,777 4,494 Non-current liabilities Borrowings 2,909 2,425 Lease liabilities 4,371 4,264 Total non-current liabilities 7,280 6,689 TOTAL LIABILITIES 12,057 11,183 EQUITY Share capital at par value 5,408 5,408 Reserves 4,431 4,431 Retained earnings -9,527 -6,627 Net profit (loss) for the period -1,345 -2,900 TOTAL EQUITY -1,033 312 TOTAL LIABILITIES AND EQUITY 11,024 11,495 CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND COMPREHENSIVE 1Q 2022 1Q 2021 INCOME Revenue 2,075 2,132 Cost of goods sold -1,226 -1,259 Gross profit 849 873 Distribution costs -1,831 -2,141 Administrative and general expenses -362 -495 Other operating income (-expense) 82 234 Operating profit (loss) -1,262 -1,529 Finance costs -83 -126 Profit (loss) before income tax -1,345 -1,655 Income tax expense 0 0 Net profit (loss) for the period -1,345 -1,655 Basic earnings per share from net profit (loss) -0,01 -0,03 for the period, EUR Diluted earnings per share from net profit (loss) -0,01 -0,03 for the period, EUR Flavio Perini Chairman of Management Board, CEO [email protected] (https://www.globenewswire.com/Tracker?data=kFHNBackukURPkBgqkS4_rE3af1hnX2WFHbG 2wSR7vUxnJNNRHOWQAi9OIFKOeGU6s1b1ExNNPSWUeCwF6zC8DKwnyXrybbeLrWnrHmC6Ex_WNr6PO5H fTM0arK691F9)