Börsiteade
AS BALTIKA
LEI kood
48510000I3W254YEMG75
Üldandmed
Kategooriad
Poolaastaaruanne
Teate ID
4152
Manused
Esitamise kuupäev ja aeg
08.08.2013 11:04:42
Teate sisu eesti keeles
Pealkiri
Baltika auditeerimata majandustulemused, teine kvartal ja 6 kuud 2013
Teade
Baltika 2013. aasta teise kvartali puhaskasum oli 624 tuhat eurot, mis on 9%
parem tulemus kui eelmise aasta 572 tuhat eurot. Poolaasta tervikuna jõudis
tugeva teise kvartali najal kasumisse: 21 tuhat eurot, mis ületab 492 tuhande
euro võrra eelmise aasta sama perioodi tulemust.
Plaanipärane kasumi kasv saavutati tänu headele müükidele Balti riikides,
mõnevõrra paranenud brutomarginaalile ning kulude kontrollile.
Vaatamata esimese kvartali müüke mõjutanud külmale kevadele, jäi ettevõte
esimese poolaasta müügikasvu ja efektiivsusega rahule. Kui esimeses kvartalis
oli jaemüügi kasv 7%, siis teises kvartalis saavutati juba 10%-ne kasv, mis
teeb poolaasta müügikasvuks 8%. Jaemüügi kasv jätkus teises kvartalis ettevõtte
kõige suurema müügimahuga turgudel ehk kõikides Baltikumi riikides – kasvades
enim Eestis (19%) ja Lätis (13%). Leedu saavutas nii müügi kui ka
müügiefektiivsuse kasvuks 10%, olles efektiivsuse näitaja poolest Grupi parim.
Väiksema müügimahuga Ida-Euroopa turgude tulemused olid tagasihoidlikumad -
Venemaa jaemüük vähenes 1% ja Ukraina 2%. Kui Venemaal oli märgata tarbija
kindlustunde nõrgenemist ning sellest tingitult nõudluse vähenemist, siis
Ukraina tulemust mõjutas eelkõige müügipinna vähenemine. Lisaks nõrgenes
Venemaa rubla ja Ukraina grivna teises kvartalis, mistõttu sai ettevõte
esimeses poolaastas valuutakursikahjumit 242 tuhat eurot.
Vaatamata rõivakaubanduses valitsenud olukorrale, kus paljud konkurendid
alustasid tavapärasest varem allahindluskampaaniaid, suutis Baltika ka teises
kvartalis brutorentaablust hoida ning isegi tõsta, jõudes 59,2%-ni, mis on
eelmise aasta sama perioodiga võrreldes 0,2 protsendipunkti võrra parem
tulemus.
Baltika müügikasvu on toetanud uute poodide avamine ning investeeringud
jaevõrku, mis jätkuvad planeeritult– kolmandas kvartalis avatakse muuhulgas ka
esimesed uue brändi Blue Inc poed frantsiisivõtjana.
Aastaeesmärkide täitmist peab juhatus hetkeseisuga saavutatavaks - vaatamata
müügikasvu tempo vähenemisele ja klientide jätkuvalt konservatiivsele
tarbimiskäitumisele Venemaal, toetavad eesmärkide saavutamist positiivsed
tendentsid suurima müügimahuga (70%) Baltikumi turgudel, kus müügikasvu
stabiilsus peaks ettevõttel võimaldama seatud kasumlikkuse eesmärgid täita
(ilma valuutamõju ning maksudeta).
Kvartaliaruande avalikustamiseni toimunud perioodi olulisemad sündmused
<ul><li> 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 septembris Minskis.</li><li>
Baltika allkirjastas mais frantsiisivõtjana lepingu ettevõttega A Levy &
Son Ltd, millega Baltika omandab Blue Inc kaubamärkide esindusõigused
Baltikumis. Baltika keskendub Baltikumis Blue Inc London meestemoe pakkumisele.
Esimesed Blue Inc London kauplused avatakse Eestis Tallinnas ja Lätis Riias
ning Valmieras selle aasta kolmandas kvartalis.</li><li> Mais sõlmis Eesti
Olümpiakomitee Baltikaga sponsorlepingu järgnevaks neljaks aastaks. Baltika
bränd Monton on olnud Eesti Olümpiakomitee ametlik sponsor aastast 2004 ning
riietanud paraad- ja vabaajavormi delegatsiooni sportlasi.</li><li> KJK
Fund Sicav-SIF’ilt juunis saadud avalduse alusel alustati H-võlakirjade
konverteerimise protseduure. 16. juulil kanti 5 000 000 lihtaktsiat Eesti
Väärtpaberite Keskregistris aktsionäri kliendikontole. Uued aktsiad moodustavad
12,3% uuest aktsiate koguarvust. Sellega suurenes Baltika suurima investori
(ING Luxembourg S.A. kontol) osalus 30,86%-le. Baltikal <span
style="font-size:11pt;">on </span>nüüd 40 794 850 lihtaktsiat, nimiväärtusega
0,2 eurot aktsia kohta</li><li> Monton ja Mosaic brändide
naistekollektsioonide juhiks nimetati juulis juba 13-aastat Baltika Grupis
erinevates tootearendus- ja tootmisetappides töötanud Iivika Rõõmberg.</li><li>
Kvartaliga kasvas Grupi poodide arv 3 poe võrra. 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. Kvartali teises pooles suleti
kolm poodi erinevates riikides. </li></ul><span style="font-size:11pt;">
</span><strong style="font-size: 11pt; font-family: Arial, Helvetica,
sans-serif; background-color: rgb(255, 255, 255);"><span
style="font-size:10pt;">Konsolideeritud</span> <span
style="font-size:10pt;">finantsseisundi aruanne</span>
<span style="font-size:9pt;">30.06.2013</span> <span
style="font-size:9pt;">31.12.2012</span>
--------------------------------------------------------------------------------
----------------------
<span
style
="font
-size:
9pt;">
VARA</
span>
<span
style
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9pt;">
Käibev
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<span <span style="font-size:9pt;">786</span> <span
style="font-size:9pt;">2 078</span>
style
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Raha
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<span <span style="font-size:9pt;">1 864</span> <span
style="font-size:9pt;">1 836</span>
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Nõuded
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<span <span style="font-size:9pt;">13 175</span> <span
style="font-size:9pt;">11 471</span>
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<span <span style="font-size:9pt;">15 825</span> <span
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Käibev
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>
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Põhiva
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<span <span style="font-size:9pt;">637</span> <span
style="font-size:9pt;">637</span>
style
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Edasil
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<span <span style="font-size:9pt;">1 102</span> <span
style="font-size:9pt;">1 088</span>
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Muu
pikaa
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<span <span style="font-size:9pt;">2 800</span> <span
style="font-size:9pt;">2 256</span>
style
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Materi
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<span <span style="font-size:9pt;">3 942</span> <span
style="font-size:9pt;">4 150</span>
style
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Immate
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põhiv
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<span <span style="font-size:9pt;">8 481</span> <span
style="font-size:9pt;">8 131</span>
style
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Põhiva
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<span <span style="font-size:9pt;">24 306</span> <span
style="font-size:9pt;">23 516</span>
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VARA
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<span
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Lühiaj
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<span <span style="font-size:9pt;">1 701</span> <span
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Võlako
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<span <span style="font-size:9pt;">6 743</span> <span
style="font-size:9pt;">7 005</span>
style
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Võlad
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<span <span style="font-size:9pt;">8 444</span> <span
style="font-size:9pt;">8 603</span>
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Lühiaj
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>
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Pikaaj
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<span <span style="font-size:9pt;">4 169</span> <span
style="font-size:9pt;">4 702</span>
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Võlako
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<span <span style="font-size:9pt;">17</span> <span
style="font-size:9pt;">25</span>
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Muud
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<span <span style="font-size:9pt;">4 186</span> <span
style="font-size:9pt;">4 727</span>
style
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Pikaaj
alised
kohus
tused
kokku
</span
>
<span <span style="font-size:9pt;">12 630</span> <span
style="font-size:9pt;">13 330</span>
style
="font
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KOHUST
USED
KOKKU
</span
>
<span
style
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9pt;">
OMAKAP
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span>
<span <span style="font-size:9pt;">7 159</span> <span
style="font-size:9pt;">7 159</span>
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Aktsia
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<span <span style="font-size:9pt;">1 500</span> <span
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Regist
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<span <span style="font-size:9pt;">125</span> <span
style="font-size:9pt;">63</span>
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Ülekur
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<span <span style="font-size:9pt;">1 182</span> <span
style="font-size:9pt;">1 182</span>
style
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Reserv
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<span <span style="font-size:9pt;">2 471</span> <span
style="font-size:9pt;">1 667</span>
style
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9pt;">
Eelmis
te
perio
odide
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</span
>
<span <span style="font-size:9pt;">21</span> <span
style="font-size:9pt;">804</span>
style
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9pt;">
Aruand
eperio
odi
puhas
kasum<
/span>
<span <span style="font-size:9pt;">-782</span> <span
style="font-size:9pt;">-689</span>
style
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Valuut
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<span <span style="font-size:9pt;">11 676</span> <span
style="font-size:9pt;">10 186</span>
style
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9pt;">
OMAKAP
ITAL
KOKKU
</span
>
<span <span style="font-size:9pt;">24 306</span> <span
style="font-size:9pt;">23 516</span>
style
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9pt;">
KOHUST
USED
JA
OMAKA
PITAL
KOKKU
</span
>
<span style="font-size:10pt;"><strong style="font-size: 11pt; font-family:
Arial, Helvetica, sans-serif; background-color: rgb(255, 255,
255);">Konsolideeritud koondkasumiaruanne</span>
<span style="font-size:9pt;">2 kv <span
style="font-size:9pt;">2 kv <span style="font-size:9pt;">6k
<span style="font-size:9pt;">6k
2013</span>
2012</span> 2013</span>
2012</span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------
<span <span style="font-size:9pt;">14 <span
style="font-size:9pt;">13 <span style="font-size:9pt;">27
<span style="font-size:9pt;">25
style 264</span>
157</span> 450</span>
800</span>
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9pt;">
Müügit
ulu</s
pan>
<span <span style="font-size:9pt;">-5 <span
style="font-size:9pt;">-5 <span style="font-size:9pt;">-12
<span style="font-size:9pt;">-11
style 818</span>
412</span> 242</span>
600</span>
="font
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9pt;">
Müüdud
kaupa
de
kulu<
/span>
<span <span style="font-size:9pt;">8 446</span> <span
style="font-size:9pt;">7 <span style="font-size:9pt;">15
<span style="font-size:9pt;">14
style
745</span> 208</span>
200</span>
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9pt;">
Brutok
asum</
span>
<span <span style="font-size:9pt;">-6 <span
style="font-size:9pt;">-6 <span style="font-size:9pt;">-13
<span style="font-size:9pt;">-12
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235</span> 339</span>
819</span>
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Turust
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d</spa
n>
<span <span style="font-size:9pt;">-707</span> <span
style="font-size:9pt;">-684</span> <span style="font-size:9pt;">-1
<span style="font-size:9pt;">-1
style
442</span>
368</span>
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Üldhal
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<span <span style="font-size:9pt;">37</span> <span
style="font-size:9pt;">156</span> <span style="font-size:9pt;">38</span>
<span style="font-size:9pt;">189</span>
style
="font
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9pt;">
Muud
äritu
lud</s
pan>
<span <span style="font-size:9pt;">-171</span> <span
style="font-size:9pt;">-15</span> <span style="font-size:9pt;">-151</span>
<span style="font-size:9pt;">-25</span>
style
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Muud
äriku
lud</s
pan>
<span <span style="font-size:9pt;">841</span> <span
style="font-size:9pt;">967</span> <span style="font-size:9pt;">314</span>
<span style="font-size:9pt;">177</span>
style
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9pt;">
Ärikas
um</sp
an>
<span <span style="font-size:9pt;">-17</span> <span
style="font-size:9pt;">-90</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">17</span>
style
="font
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9pt;">
Finant
stulud
</span
>
<span <span style="font-size:9pt;">-200</span> <span
style="font-size:9pt;">-292</span> <span style="font-size:9pt;">-293</span>
<span style="font-size:9pt;">-634</span>
style
="font
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9pt;">
Finant
skulud
</span
>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">585</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-440</span>
style
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9pt;">
Kasum
(-kah
jum)
enne
maksu
stamis
t</spa
n>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">-13</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">-31</span>
style
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9pt;">
Tuluma
ks</sp
an>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">572</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-471</span>
style
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9pt;">
Aruand
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span>
<span
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Perioo
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an>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">572</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-472</span>
style
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9pt;">
Emaett
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span>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">0</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">1</span>
style
="font
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9pt;">
Mittek
ontrol
liva
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se
osa</
span>
<span
style
="font
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9pt;">
Muu
koond
kahjum
</span
>
<span <span style="font-size:9pt;">-113</span> <span
style="font-size:9pt;">-194</span> <span style="font-size:9pt;">-93</span>
<span style="font-size:9pt;">-116</span>
style
="font
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9pt;">
Valuut
akursi
vahed
</span
>
<span <span style="font-size:9pt;">511</span> <span
style="font-size:9pt;">378</span> <span style="font-size:9pt;">-72</span>
<span style="font-size:9pt;">-587</span>
style
="font
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9pt;">
Aruand
eperio
odi
koond
kasum
(-kah
jum)</
span>
<span
style
="font
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9pt;">
Perioo
di
koond
kasumi
(-kah
jumi)
jaotu
s:</sp
an>
<span <span style="font-size:9pt;">511</span> <span
style="font-size:9pt;">378</span> <span style="font-size:9pt;">-72</span>
<span style="font-size:9pt;">-588</span>
style
="font
-size:
9pt;">
Emaett
evõtja
osa</
span>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">0</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">1</span>
style
="font
-size:
9pt;">
Mittek
ontrol
liva
osalu
se
osa</
span>
<span <span style="font-size:9pt;">0,02 </span> <span
style="font-size:9pt;">0,02</span> <span style="font-size:9pt;">0,00 </span>
<span style="font-size:9pt;">-0,01</span>
style
="font
-size:
9pt;">
Tava
puhas
kasum
(-kah
jum)
aktsi
a
kohta
,
EUR</
span>
<span <span style="font-size:9pt;">0,02 </span> <span
style="font-size:9pt;">0,02</span> <span style="font-size:9pt;">0,00 </span>
<span style="font-size:9pt;">-0,01</span>
style
="font
-size:
9pt;">
Lahust
atud
puhas
kasum
(-kah
jum)
aktsi
a
kohta
,
EUR</
span>
<span style="font-family:Arial, Helvetica, sans-serif;">Maigi Pärnik
Juhatuse liige</span>
<span style="font-family:Arial, Helvetica,
sans-serif;">[email protected]</span>
Teate sisu inglise keeles
Pealkiri
Baltika's unaudited financial results, second quarter and 6 months of 2013
Teade
Baltika’s net profit for second quarter of 2013 amounted to 624 thousand euros,
that is 9% improved results compared to prior year 572 thousand euros.
Half-year total resulted with the strong second quarter in profit : 21 thousand
euros, that exceeds prior year same period result by 492 thousand euros.
Planned increase of net profit was achieved with good sales in Baltic
countries, somewhat increased gross margin and cost control.
Despite the cold spring that affected sales in first quarter, company considers
both sales growth and efficiency satisfactory. When first quarter retail sales
growth was 7% %, then in the second quarter by 10% and, thus, total sales
growth for the first half-year was 8%. Retail sales continued to grow in the
largest markets of the company in the Baltic countries - the highest growth
rates were posted by Estonia (19%) and Latvia (13%). Lithuania achieved both
sales and efficiency growth of 10%, which efficiency figure was the best in the
Group.
The performance of the Eastern European markets that contribute a smaller
proportion of the company’s revenue was not as strong – in Russia retail sales
decreased by 1% and in Ukraine by 2%. The Russian market seems to be undergoing
a certain decline in consumer confidence, the Ukrainian results were undermined
by cutbacks in the sales area. In addition the hryvna and ruble depreciated in
the second quarter resulting with half-year 242 thousand euros foreign exchange
loss for the company.
Despite the trend set in the fashion industry by many competitors that launched
their discount campaigns earlier than usual, Baltika was able to maintain its
gross margin also in the second quarter, where it increased to 59.2%, a 0.2
percentage point improvement year-over-year.
Baltika sales growth has been supported with opening of new stores and
investments into retail network, that will continue as planned – third quarter
will include opening of new brand Blue Inc stores as franchisee.
The Management Board believes that the company’s annual targets are achievable
in spite of certain sales growth speed decline and pressure resulting from the
Russian market where consumer behaviour continues to be conservative. Achieving
the targets is supported by positive trends in the Baltic countries that have
largest portion of the company’s revenue base (70%), where stable sales growth
should allow company to achieve its profitability targets (before the effects
of foreign exchange differences and taxes).
Highlights from the period and until making quarterly report public
<ul><li> In April AS Baltika signed franchise agreement to open Monton
fashion stores in Belarus with Belarusian retail operator Valanga OOO. The plan
involves opening in the next five years at least 5 Monton stores with 150-250m2
operating area in Minsk. The first Monton store in Belarus and Baltika’s first
store under franchise agreement will be opened this year in September.</li><li>
Baltika signed in May a contract as franchisee with A Levy & Son Ltd
attaining representation rights of Blue Inc trademarks in Baltic countries.
Taking the franchise is part of Baltika’s strategic goal to use retail network
operator experience to grow sales and market share in the Baltic countries.
First Blue Inc London stores will be opened in the third quarter in Tallinn,
Estonia; Riga and Valmiera in Latvia.</li><li> In May, the Estonian
Olympic Committee and Baltika signed a sponsoring agreement for the next four
years. Baltika’s Monton brand has been the official sponsor of the Estonian
Olympic Committee and has supplied official uniforms and leisurewear for the
athletes of the Estonian delegation since 2004.</li><li> Based on a
request received from KJK Fund, Sicav-SIF in June 2013 the conversion of
H-bonds to Baltika shares process was started. 5,000,000 Baltika ordinary
shares were transferred on 16th July to the securities account of shareholder
in Estonian CSD. New shares make up 12.3% of the amount of new total shares.
The largest shareholder holding (on ING Luxembourg S.A. account) increased to
30.86%. Baltika now has 40,794,850 ordinary shares with the nominal value of
0.2 euros per share.</li><li> In July, management of the ladies wear
collections of the Monton and Mosaic brands was assigned to Iivika Rõõmberg who
has been involved in different stages of Baltika’s product development and
production operations for 13 years already.</li><li><span
style="font-size:11pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The number of stores increased in the quarter by 3. 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. Three stores in different
countries were closed in the second part of the
quarter.</span></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;">30 June <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;">786</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;">1,864</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;">13,175</span> <span
style="font-size:9pt;">11,471</span>
style
="font
-size:
9pt;">
Invent
ories<
/span>
<span <span style="font-size:9pt;">15,825</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;">1,102</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;">2,800</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;">3,942</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;">8,481</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;">24,306</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;">1,701</span> <span
style="font-size:9pt;">1,598</span>
style
="font
-size:
9pt;">
Borrow
ings</
span>
<span <span style="font-size:9pt;">6,743</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;">8,444</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;">4,169</span> <span
style="font-size:9pt;">4,702</span>
style
="font
-size:
9pt;">
Borrow
ings</
span>
<span <span style="font-size:9pt;">17</span> <span
style="font-size:9pt;">25</span>
style
="font
-size:
9pt;">
Other
liabi
lities
</span
>
<span <span style="font-size:9pt;">4,186</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;">12,630</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;">1,500</span> <span
style="font-size:9pt;">0</span>
style
="font
-size:
9pt;">
Not
regis
tered
share
capit
al</sp
an>
<span <span style="font-size:9pt;">125</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;">21</span> <span
style="font-size:9pt;">804</span>
style
="font
-size:
9pt;">
Net
profi
t for
the
perio
d</spa
n>
<span <span style="font-size:9pt;">-782</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;">11,676</span> <span
style="font-size:9pt;">10,186</span>
style
="font
-size:
9pt;">
TOTAL
EQUIT
Y</spa
n>
<span <span style="font-size:9pt;">24,306</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;">Q2 <span
style="font-size:9pt;">Q2 <span style="font-size:9pt;">6M 2013</span> <span
style="font-size:9pt;">6M 2012</span>
2013</span>
2012</span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------
<span <span style="font-size:9pt;">14,264</span> <span
style="font-size:9pt;">13,157</span> <span
style="font-size:9pt;">27,450</span> <span
style="font-size:9pt;">25,800</span>
style
="font
-size:
9pt;">
Revenu
e</spa
n>
<span <span style="font-size:9pt;">-5,818</span> <span
style="font-size:9pt;">-5,412</span> <span
style="font-size:9pt;">-12,242</span> <span
style="font-size:9pt;">-11,600</span>
style
="font
-size:
9pt;">
Cost
of
goods
sold<
/span>
<span <span style="font-size:9pt;">8,446</span> <span
style="font-size:9pt;">7,745</span> <span
style="font-size:9pt;">15,208</span> <span
style="font-size:9pt;">14,200</span>
style
="font
-size:
9pt;">
Gross
profi
t</spa
n>
<span <span style="font-size:9pt;">-6,764</span> <span
style="font-size:9pt;">-6,235</span> <span
style="font-size:9pt;">-13,339</span> <span
style="font-size:9pt;">-12,819</span>
style
="font
-size:
9pt;">
Distri
bution
costs
</span
>
<span <span style="font-size:9pt;">-707</span> <span
style="font-size:9pt;">-684</span> <span style="font-size:9pt;">-1,442</span>
<span style="font-size:9pt;">-1,368</span>
style
="font
-size:
9pt;">
Admini
strati
ve and
gener
al
expen
ses</s
pan>
<span <span style="font-size:9pt;">37</span> <span
style="font-size:9pt;">156</span> <span style="font-size:9pt;">38</span>
<span style="font-size:9pt;">189</span>
style
="font
-size:
9pt;">
Other
opera
ting
incom
e</spa
n>
<span <span style="font-size:9pt;">-171</span> <span
style="font-size:9pt;">-15</span> <span style="font-size:9pt;">-151</span>
<span style="font-size:9pt;">-25</span>
style
="font
-size:
9pt;">
Other
opera
ting
expen
ses</s
pan>
<span <span style="font-size:9pt;">841</span> <span
style="font-size:9pt;">967</span> <span style="font-size:9pt;">314</span>
<span style="font-size:9pt;">177</span>
style
="font
-size:
9pt;">
Operat
ing
profi
t</spa
n>
<span <span style="font-size:9pt;">-17</span> <span
style="font-size:9pt;">-90</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">17</span>
style
="font
-size:
9pt;">
Financ
e
incom
e</spa
n>
<span <span style="font-size:9pt;">-200</span> <span
style="font-size:9pt;">-292</span> <span style="font-size:9pt;">-293</span>
<span style="font-size:9pt;">-634</span>
style
="font
-size:
9pt;">
Financ
e
costs
</span
>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">585</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-440</span>
style
="font
-size:
9pt;">
Profit
(loss
)
befor
e
incom
e
tax</
span>
<span <span style="font-size:9pt;">0</span> <span
style="font-size:9pt;">-13</span> <span style="font-size:9pt;">0</span>
<span style="font-size:9pt;">-31</span>
style
="font
-size:
9pt;">
Income
tax
expen
se</sp
an>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">572</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-471</span>
style
="font
-size:
9pt;">
Net
profi
t
(loss
)</spa
n>
<span
style
="font
-size:
9pt;">
Profit
(loss
)
attri
butabl
e
to:</
span>
<span <span style="font-size:9pt;">624</span> <span
style="font-size:9pt;">572</span> <span style="font-size:9pt;">21</span>
<span style="font-size:9pt;">-472</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;">0</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
loss<
/span>
<span <span style="font-size:9pt;">-113</span> <span
style="font-size:9pt;">-194</span> <span style="font-size:9pt;">-93</span>
<span style="font-size:9pt;">-116</span>
style
="font
-size:
9pt;">
Curren
cy
trans
lation
diffe
rences
</span
>
<span <span style="font-size:9pt;">511</span> <span
style="font-size:9pt;">378</span> <span style="font-size:9pt;">-72</span>
<span style="font-size:9pt;">-587</span>
style
="font
-size:
9pt;">
Total
compr
ehensi
ve
incom
e
(loss
)</spa
n>
<span
style
="font
-size:
9pt;">
Compre
hensiv
e
incom
e
(loss
)
attri
butabl
e
to:</
span>
<span <span style="font-size:9pt;">511</span> <span
style="font-size:9pt;">378</span> <span style="font-size:9pt;">-72</span>
<span style="font-size:9pt;">-588</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;">0</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;">0.02</span> <span style="font-size:9pt;">0.00</span>
<span style="font-size:9pt;">-0.01</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;">0.02</span> <span style="font-size:9pt;">0.00</span>
<span style="font-size:9pt;">-0.01</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>