DOCSLIB.ORG

Leading Fashion Retailer in the Baltics and Eastern Europe

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Leading Fashion Retailer in the Baltics and Eastern Europe LEADING FASHION RETAILER IN THE BALTICS AND EASTERN EUROPE February 2013 Baltika Group today • Baltika Group is strong fashion retailer in the Baltics and Eastern Europe • Baltika employs vertically integrated business model • Group owns five fashion brands: Monton, Mosaic, Baltman, Bastion, Ivo Nikkolo • Group operates five retail concepts and over 110 stores in five countries • Over 1200 employees • 2011 revenue 53.4 million euros • www.baltikagroup.com From production company to fashion retailer 2013 •5 brands •113 stores in 5 countries •Over 1200 employees History: company 1928 Gentleman established in Tallinn as producer of raincoats 2007 European Business Awards 2007 finalist in 1959 Company is restructured and renamed Baltika, producing two categories formal menswear 2008 Baltika is recognised for having the best 1960 New production building opened at Veerenni 24, Tallinn investor relations on the Tallinn Stock Exchange 1988 Production of ladies wear begins 2011 Baltika is recognised: best investor relations on the Tallinn Stock Exchange 3rd place 1991 Baltika is privatised 2012 Nominent at Swedish Business Awards in 1997 Baltika listed on the Tallinn Stock Exchange that belongs the category of Corporate Social Responsibility to the NASDAQ OMX Group today Initiative of the Year History: brands 1991: Baltika launches its first menswear 2006: CHR and Evermen concepts rebranded collection Baltman as Mosaic 1993: Baltika launches its first ladies wear 2006: Baltika acquires Estonian well known collection Christine Collection (CHR) designer brand Ivo Nikkolo, established in 1994 1995: Evermen collection launched 2012: Baltika acquires Estonian well known 2002: Baltika launches its brand Monton in brand Bastion, established in 1987 five markets History: stores 1991: Baltika opens its first store in Baltika has today stores in five Estonia: Baltman store in Pärnu that is countries and 26 cities opened till today 2012 Baltika opens Monton e-store that 1993: first store in Lithuania serves customers in Europe, Russia and 1994: first store in Russia Ukraine 1996: first store in Latvia 2000: first store in Ukraine History: Baltika Quarter 2009: Baltika establishes Baltika Quarter to unite design and creative companies, company sells its real estate in 2012 to focus on its core business, fashion retail 2009: Baltika opens novel concept store Moetänav, representing all Baltika´s four brands 2010: Baltika renovated office is awarded with Estonian Cultural Endowment Annual Award for architecture and Estonian Society of Interior Architects Annual Award in the category of offices Baltika head office in Tallinn • Baltika head office is located in Tallinn in Baltika Quarter • Former production building, built in 1960s, renovated into a modern office building in 2009 • Baltika Quarter creates synergy of design and creative companies • Awards for Baltika office: – Estonian Cultural Endowment Annual Award for architecture 2009 – Estonian Society of Interior Architects Annual Award in the category of offices 2009 – Tallinn Design Map History: awards Fashion Award Golden Needle (Estonia) for Baltika´s designers: 2011 nomination, Aivar Antonio Lätt (Baltman) 2009 Eve Hanson (Ivo Nikkolo) 2005 Eve Hanson (Ivo Nikkolo) 2004 Evelin Lill (CHR) 2003 Merike Pääro (Bastion) 1999 Janika Sootna (CHR) 1998 Tarvo Jaansoo (Baltman) 1997 Ivo Nikkolo (Ivo Nikkolo) 1996 Marika Siska (Baltman) Vertically integrated business model • A balanced portfolio of different brand store chains • Department stores in the Baltics, (Monton, Mosaic, Baltman, Ivo Nikkolo, Bastion) Finland, Russia and Europe • Strong local retail organisations in five markets • Monton e-store opened in 2012 • Brands franchise concepts Retail: Multichanneling: ca 90% of net sales ca 10% of net sales • Own production base (two factories in Estonia): specialisation in men’s and women’s tailored suits, shirts, jackets, coats (ca 30% of sales) • Worldwide purchasing (ca 70% of sales) Sourcing • Centralised management: product design, brand management, supply chain, logistics, store concepts, merchandising, marketing, etc. • Efficient inventory control and sales information systems: info available on a daily basis Centralised management Advantages of vertically integrated business model • Retail partner is participating in collection making process: – Based on customer demand; – Replenishment according to sales results; – Quick response – repeating bestsellers during season; • Price making policy according to customer’s purchasing power and demand: – First price; – Sales prices policy; • Competitiveness increases; • Flexibility when managing crisis; • Producer isn't so dependent from cooperation partners like in wholesale and producer can timely forecast production capacity and strategy. Sourcing from 19 countries Sales to 27 countries Central warehouse in Estonia COLLECTION DEVELOPMENT PROCESSES Collection Development Cycle sales monitoring&analysis, Range Review; stock management; initial sales and buying plan; replenishment; of products; building up OTB for next promotions, other activities period transportation to Baltika fashion trends analysis Warehouse (styling, colour palettes, From Baltika Warehouse to fabrics); Markets creative trips; fabric fairs COLLECTION DEVELOPMENT PROCESS orders to suppliers; decision of colours, fabrics; order conformation; first styling ideas; production new fabrics testing designing in Corel Designer; salesman samples ; proto sample orders; block orders for supplier if preparation of samples needed; first cost prices based on final cost prices proto Product development sequence Sales and Marketing sequence BRANDS AND RETAIL CONCEPTS Brands • Launched in 2002 • Monton is exciting, quality fashion brand reflecting global trends in its own unique way • Target customer: – 25+ fashion concious and independent men and women earning average income – individual, fully formed taste, make their own fashion choices • New brand visual identity and store concept in 2011 in co-operation with international agency Dan Pearlman • Store format: 200-350 sqm in shopping centre • Monton collection sold in 51 Baltika Group stores in Estonia, Latvia, Lithuania , Ukraine and Russia • Monton e-store Monton new concept store in SC Galerija Centrs (1): Monton new concept store in SC Galerija Centrs (2): Monton new concept store in SC Galerija Centrs (3): Monton new concept store in SC Galerija Centrs (4): • Launched in 2006 • Mosaic is for women and men, who are practical, responsible and well-organized and have a need for uncomplicated and reliable fashion • Target customer: – 35+ family-oriented and practical women and men earning average income – value traditions and are socially active, want to look elegant and stylish, prefer clothes making them look younger • New brand visual identity and store concept in 2011 in co-operation with international agency Dan Pearlman • Store format: 150-200 sqm in shopping centre • Mosaic collection sold in 51 Baltika Group stores in Estonia, Latvia, Lithuania, Ukraine and Russia • Main wholesale customers are Peek & Cloppenburg, Tallinna Kaubamaja and Stockmann • Launched in 1991 • Prestigious business wear brand for men, offering stylish, classic and high-quality clothing and personal service • 20-year-old innovative brand (multi-layered, wind- and waterproof fabrics like used in sportswear) • Target customer: – 35+ practical men earning higher income and working in management position, needing sophisticated look for everyday work, business trips and evening events – value quality and personal service, practicality and innovation • Store format: 60-100 sqm in shopping centre • Baltman collection sold in 16 Baltika Group stores in Estonia, Latvia and Lithuania • Main wholesale customer is Tallinna Kaubamaja • Designer fashion brand for ladies offering premium business outfit and occasion wear to express own individuality • Brand established by Estonian fashion designer Ivo Nikkolo in 1994, Baltika acquired the brand in September 2006 • Target customer: – 30+ mindset professional, self confident and intelligent women with higher income needing quality outfit for work, business trips and events – value high quality of life and expect very high level of service and high product quality • Store format: 60-100 sqm in shopping centre • Ivo Nikkolo collection sold in 17 Baltika Group stores in Estonia, Latvia, Lithuania , Russia and Ukraine • Main wholesale customers are Stockmann, Tallinna Kaubamaja. Through wholesale partner sold also in Russia and Finland • Launched in 1987 • Oriented to a woman who values quality, classical style and Estonian production • Target customer: – 35+ feminine woman with classic taste and wish for formal and festive style quality clothing – values timeless fashion, quality and brand handwriting • Collection is sold in 7 stores in Estonia and Latvia HEAD OFFICE AS Baltika Veerenni 24 EE-10135 Tallinn, Estonia Tel. +372 630 2731 Fax +372 630 2814 [email protected] www.baltikagroup.com.
Load more

Recommended publications
  • 'Waterworks' Tour Programme
    WaterworksTour 2017 Baltic Sea Philharmonic Welcome We are delighted to welcome you to our ‘Waterworks’ tour. We thrive on making connections – with you our audiences, and with our fellow artists. And there is nothing that connects every one of us more than water. It is the essence of all life, and for us in the Baltic Sea Philharmonic, it is also the engine of our region, shaping our environment, and linking all the home countries of our players. On this tour we celebrate these elemental connections, and we also honour the American composer Philip Glass in his 80th birthday year. Such celebrations call for a truly special concert experience and we are excited to introduce with this tour a ground-breaking spectacle that fuses music, fashion, lighting design, visual art and choreography. We hope you will be thrilled by what you see, moved by what you hear, and inspired, like us, to seek out a deeper connection to different countries and cultures, and to the natural world that we all depend on. Source The origin of ‘Waterworks’ lies in how nature connects all of us Find out about this tour’s inspiration, our concert schedule and the music you will Sea Change 06 be hearing We are transforming the concert experience Step into a new world of light, sound, visual art and fashion, as we shake up performance conventions 28 14 Wave Riders Our dynamic leader and performers are inspiring the next generation Discover Kristjan Järvi’s vision for the Baltic Sea Philharmonic, and meet our soloist and 22 musicians Flow Bringing people together is our constant motivation Follow our journey from pioneering youth orchestra to international movement for unity 04 05 Source From the Baltic to the Amazon Let the music of ‘Waterworks’ take you on an inspirational journey From its earliest days, the Baltic Sea The music represents how we are from school concerts for more than 7,000 Philharmonic has always been uniting this region, but are also connected to the teenage pupils, some of whom may people.
    [Show full text]
  • Dissertationes Rerum Oeconomicarum Universitatis Tartuensis 8 Dissertationes Rerum Oeconomicarum Universitatis Tartuensis 8
    DISSERTATIONES RERUM OECONOMICARUM UNIVERSITATIS TARTUENSIS 8 DISSERTATIONES RERUM OECONOMICARUM UNIVERSITATIS TARTUENSIS 8 THE INTERNATIONALIZATION OF FOREIGN-OWNED ENTERPRISES IN ESTONIA: AN EXTENDED NETWORK PERSPECTIVE TIIA VISSAK The Faculty of Economics and Business Administration, the University of Tartu, Estonia This dissertation is accepted for the defense of the degree of Doctor of Philosophy (in Economics) on April 16th 2003 by the Council of the Faculty of Economics and Business Administration, the University of Tartu. Supervisor: Professor Janno Reiljan (PhD), University of Tartu, Estonia Opponents: Professor Jan-Åke Törnroos (PhD), Åbo Akademi University, Finland Erik Terk (PhD), Director of the Estonian Institute for Futures Studies The public defense of the dissertation is on June 18th 2003 at 14.00 in room B306, Narva Rd. 4, Oeconomicum, the University of Tartu. The publication of this dissertation is granted by the Faculty of Economics and Business Administration, the University of Tartu. © Tiia Vissak, 2003 Tartu Ülikooli Kirjastus www.tyk.ut.ee Tellimus nr 279 TABLE OF CONTENTS THE LIST OF AUTHOR’S PUBLICATIONS AND CONFERENCE PRESENTATIONS ....................................................................................... 7 INTRODUCTION ......................................................................................... 10 1. THE THEORETICAL CONTEXT OF THE INTERNATIONA- LIZATION OF FOREIGN-OWNED FIRMS .......................................... 17 1.1. The models of pre-network internationalization..............................
    [Show full text]
  • Annual Report 2000
    Annual Report 2000 Contents Hartwall vision and mission 2 Information for shareholders 3 Summery of operations in 2000 5 Stock Exchange Bulletins 7 Brewing Industry Statistics 11 Managing Director’s Review 12 Trend in business operations in Finland Summary 15 A look at our line of business in Finland 16 Hartwall in Finland 19 Exports and duty-free 23 Hartwall and environment 26 Baltic Beverages Holding 29 The Financial Statement Summary 43 Board of Director’s report of operations 2000 44 Profit and Loss Account 50 Balance Sheet 51 Statement of changes in financial position 52 Financing risks and their management 53 Notes to the financial statements 54 Accounting policy 61 Key indicators for the Group 63 Share-issue adjusted indicators 64 Proposal for the distribution of profit 65 Auditor’s Report 65 Hartwall Group Year 2000 reported in four-month periods 66 Profit-sharing fund 67 Analyst contacts 67 Information on Hartwall Plc’s shares 68 Hartwall Plc’s Articles of Association 70 Corporate Governance 72 Board of Directors 73 Executive Committee of Hartwall Plc 74 Parent company, subsidiaries and associated companies and their management 75 Contact information 76 1 The Hartwall Group in a nutshell I Established in 1836. I Finland’s leading manufacturer of brewery and soft drink products. I The associated company Baltic Beverages Holding AB (BBH) was set up in 1991. BBH is jointly owned by Hartwall and the Danish company Carlsberg Breweries A/S. I Hartwall was listed on Helsinki Exchanges on 1 July 1994. I Three factories in Finland (Helsinki, Lahti,Tornio) and one spring water bottling plant (Karijoki).
    [Show full text]
  • Press Release
    Press Release Baltic Sea Philharmonic and Estonian fashion brandhouse Baltika Group launch innovative collaboration ● Baltika’s largest brand Monton creates new concert clothing for orchestra’s ‘Waterworks’ tour ● Styling reflects water theme of tour programme ● Clothing innovation forms part of cutting-edge concert show fusing music, fashion, light, visual art and sound design ● Baltika Group and Baltic Sea Philharmonic plan long-term partnership Berlin/Tallinn, 5 May 2017. The Baltic Sea Philharmonic will debut a fresh, distinctive look on its upcoming ‘Waterworks’ tour thanks to an innovative partnership with Estonian fashion brandhouse Baltika Group. Designers at Monton, the largest of Baltika’s five international brands, have created new concert clothing for the players of the Baltic Sea Philharmonic and Music Director Kristjan Järvi. The stylish new outfits will be revealed for the first time at the orchestra’s concerts in Hattingen, Germany, and Copenhagen and Aarhus in Denmark, from 5 to 9 May. They have been specially designed to reflect the water theme of the programme, with shades of blue, white and grey replacing the traditional all-black uniformity of formal concert attire. A revolution in performance The break with concert clothing conventions is part of the bold new presentation concept that the Baltic Sea Philharmonic is pioneering on the ‘Waterworks’ tour – an innovative concert experience that fuses music, fashion, light, visual art and sound design. Kristjan Järvi says: ‘The sense of unity that we want to achieve between
    [Show full text]
  • Baltics Retail Marketview 2018
    Baltics Part of the CBRE affiliate Network Baltics Retail, 2018 Shopping centres are eagerly renewing in order to keep up with the latest retail trends / b / t 2,390 million sq m 55,000 sq m 394 sq m 6.0%-6.75% *Arrows indicate change from the corresponding period in the previous year Figure 1: Photo of T1 Mall of Tallinn Credit: 1 Mall of allinn • KEY POI TS Competition amon0 0rocery stores as well as home improvement retailers is intensifyin0. New and e1istin0 • In 2018 DP increased more than 3.0% y/y for the players are intensively openin0 new sites. second consecutive year in the Baltic states. • 2ar0est apparel retailers are restructurin0 portfolios to • ,he labour market continues to heat up as the increase efficiency in the brick and mortar distribution unemployment rate has decreased and salaries have channel. been hiked across the Baltics. • In 2018, a sin0le shoppin0 centre was commissioned • In 2018 Estonia observed ..7% y/y hi0her private in the Baltics. ,1 6all of ,allinn, which is located 7ust consumption e1penditure, 2atvia followed with ..3%, ne1t to the 8lemiste shoppin0 centre in ,allinn, addin0 and 2ithuania with 3.9%. 33,000 s9 m of new retail stock. • Inflation in the re0ion is e1pected to moderate at the • In April 2019, Akropole Ri0a was launched. ,he ca. 2% level in 2019 and 2020. shoppin0 centre adds 42,000 s9 m to the total retail stock. • In 2018 retail turnover increased by 4.8% y/y in 2ithuania, 3.1% in 2atvia, and ..8% in Estonia.
    [Show full text]
  • As Baltika Offering and Listing Prospectus
    AS BALTIKA OFFERING AND LISTING PROSPECTUS Tallinn, 30 May 2011 This Offering and Listing Prospectus has been prepared in connection with the public offering (the “Offering”) of shares of AS Baltika (the “Company” or “Baltika”, together with its subsidiaries, the "Group" or “Baltika Group”), registration code 10144415, address at Veerenni 24, Tallinn, Estonia, a public limited liability company incorporated in Estonia. Baltika is publicly offering up to 3,150,000 ordinary shares (the "Offer Shares") for sale to investors with the issue of new ordinary shares. The Offering is made to the Company's shareholders and to the public. The Company's shareholders who are fixed in the share ledger on 25 May 2011 at 23:59 (Estonian time) shall be granted the pre-emptive right to subscribe the Offer Shares (the "Subscription Rights"). Investors may submit subscription undertakings (the "Subscription Undertaking") with or without the Subscription Rights. The offer price is 1.00 euro per Offer Share (the "Offer Price"). The Company's shares are traded on the Main List of the NASDAQ OMX Tallinn Stock Exchange (“NASDAQ OMX Tallinn”). The Company has made an application to list the Offer Shares on the Main List of the NASDAQ OMX Tallinn. Trading with the Offer Shares is expected to commence on the NASDAQ OMX Tallinn on or about 1 July 2011. In addition, the Company has made an application to list the Subscription Rights on the NASDAQ OMX Tallinn. Trading in the Subscription Rights is expected to commence on the NASDAQ OMX Tallinn on 7 June 2011 and is expected to end on 15 June 2011.
    [Show full text]
  • AS BALTIKA Consolidated Interim Report for the First Quarter of 2020
    AS BALTIKA Consolidated interim report for the first quarter of 2020 Commercial name AS Baltika Commercial registry number 10144415 Legal address Veerenni 24, Tallinn 10135, Estonia Phone +372 630 2731 Fax +372 630 2814 E-mail [email protected] Web page www.baltikagroup.com Main activities Design, development, production and sales arrangement of the fashion brands of clothing Auditor AS PricewaterhouseCoopers Financial year 1 January 2020 – 31 December 2020 Reporting period 1 January 2020 – 31 March 2020 Consolidated interim report for the I quarter of 2020 (in thousands euros, unaudited) CONTENTS Brief description of Baltika Group ............................................................................................................ 3 Management report ................................................................................................................................. 4 Management board’s confirmation of the management report ............................................................. 12 Interim financial statements ................................................................................................................... 13 Consolidated statement of financial position ......................................................................................... 14 Consolidated statement of profit and loss and comprehensive income ................................................ 15 Consolidated cash flow statement ........................................................................................................
    [Show full text]
  • AS Baltika 2004 Annual Report
    AS BALTIKA 2004 ANNUAL REPORT Commercial name AS Baltika Commercial Registry No 10144415 Address Veerenni 24,Tallinn 10135, Estonia Phone +37 6302 731 Fax +37 6302 814 E-mail [email protected] Auditor AS PricewaterhouseCoopers Beginning and end of financial year 01.01.2004-31.12.2004 Main activities clothing industry, retail and wholesale sales of clothes, provision of sewing services AS Baltika 2004 Annual Report. TABLE OF CONTENTS Brief Description of AS Baltika Group...........................................................................................................3 MANAGEMENT REPORT OF AS BALTIKA GROUP FOR 2004.............................................................4 2004 FINANCIAL STATEMENTS .............................................................................................................11 Management Board’s Confirmation of the Financial Statements .................................................................11 Balance Sheet................................................................................................................................................12 Income Statement..........................................................................................................................................13 Cash Flow Statement ....................................................................................................................................14 Statement of Changes in Equity....................................................................................................................15
    [Show full text]
  • AS Baltika Annual Report 2018
    AS BALTIKA A N N U A L R E P O R T 2 0 1 8 AS BALTIKA 2018 CONSOLIDATED ANNUAL REPORT (Translation of the Estonian original) Commercial name AS BALTIKA Commercial Registry no 10144415 Legal address Veerenni 24, Tallinn 10135, Estonia Phone +372 630 2731 Fax +372 630 2814 E-mail [email protected] Internet homepage: www.baltikagroup.com Main activities Design, development, production and sales arrangement of the fashion brands of clothing Auditor AS PricewaterhouseCoopers Beginning and end of financial year 01.01.2018 - 31.12.2018 2018 Consolidated Annual Report (in thousands of euros) CONTENTS BALTIKA GROUP IN BRIEF ........................................................................................................................................ 3 MISSION AND KEY STRATEGIC STRENGTHS ............................................................................................................ 3 KEY FIGURES AND RATIOS ....................................................................................................................................... 3 MANAGEMENT BOARD’S CONFIRMATION OF MANAGEMENT REPORT ................................................................ 5 MANAGEMENT REPORT .......................................................................................................................................... 6 SOCIAL RESPONSIBILITY REPORT........................................................................................................................... 25 CORPORATE GOVERNANCE REPORT ....................................................................................................................
    [Show full text]
  • Baltic Folk Tour 2017
    Baltic Folk Tour 2017 Baltic Sea Philharmonic Welcome We are delighted to welcome you to ‘Baltic Folk’, our second tour of 2017. On this tour of Sweden, Germany and Italy, we bring you music from Russia and Estonia. The beauty of great music, like the greatest legends, stories and folktales, lies in its universality. It speaks from the heart to all of us, no matter which country we are from. The masterpieces by Stravinsky and Rachmaninoff that you will hear tonight are Russian to the core, but everyone can relate to their themes and emotions – from the tale of love, magic and transformation that inspired Stravinsky’s The Firebird, to the melancholy and passionate drama of Rachmaninoff’s Second Piano Concerto. Similarly, you do not have to share the religious convictions of Arvo Pärt, the third composer in our ‘Baltic Folk’ programme, to be deeply affected by his emotionally profound music. As an orchestra of musicians from the ten nations of the Baltic Sea region, bringing people together is in our nature. And the universal music we play means we can connect more strongly with each other, and with you, our audience. The folk-influenced music in our concerts certainly speaks to us from the heart, and we hope our performance will touch you just as deeply. Our spark We fire up imaginations through inspirational performances Come with us on a musical adventure through a world of magic, passion and spirituality Our flow 06 We connect people to the environment, and to each other Explore our 2017 ‘Waterworks’ tour, which is inspired by water‘s
    [Show full text]
  • A M C H a M E S T O N Ia V Is Io N 2 0 15
    VISION 2015 2015 AMCHAM ESTONIA VISION ESTONIA AMCHAM LEXTAL Tallinn Rävala pst. 4 10143 Tallinn Estonia t +372 6400 250 f +372 6400 260 e [email protected] LEXTAL Riga 2A Republikas square LV-1010 Riga Latvia t +371 672 833 91 f +371 672 406 97 e [email protected] LEXTAL Vilnius Olimpieciu g. 1 – 2 Entrance 1, Floor 2 LT-09200 Vilnius Lithuania t +370 5 210 27 33 f +370 5 210 27 32 e [email protected] ADVOCACY • ACCESS • CONNECTIONS • INFORMATION Amcham Board of Directors & Staff KATHLEEN NAGLEE NIELS HOLLENDER ANDRUS ALBER AmCham Vice- AmCham Treasurer AmCham President President Managing Director Founder International School of Pan-Baltic Trading Expat Relocation Estonia Group KAI TammIST RAIN LAANE ELVIRA TULVIK Member-at-Large Member-at-Large Member-at-Large Baltics Communica- Country Manager Attorney at Law tions Manager Microsoft Estonia KPMG Legal Philip Morris Baltics CARL PUCCI BRETT MAKENS Member-at-Large Ex-Officio Member of Head of American the Board Operations Economic Officer DARIA SIVOVOL Datel AS U.S. Embassy Tallinn Executive Director MARINA PUSHKAR Executive Assistant/ LINDSEY TRAVERS Project Coordinator Intern Layout&Design: Anneli Orav ∙ Editors: Daria Sivovol, Marina Pushkar, Lindsey Travers ∙ Cover photo: Marina Pushkar ∙ Printing: Bloom The content of this publication must not be reproduced in full or in part without the prior written permission of the publisher. Disclaimer: All company data was provided either by AmCham members directly or, if not, from the most recent data on the AmCham database. American Chamber of Commerce
    [Show full text]
  • Euros, Unaudited)
    AS BALTIKA Consolidated interim report for the second quarter and 6 months of 2018 Commercial name AS Baltika Commercial registry number 10144415 Legal address Veerenni 24, Tallinn 10135, Estonia Phone +372 630 2731 Fax +372 630 2814 E-mail [email protected] Web page www.baltikagroup.com Main activities Design, development, production and sales arrangement of the fashion brands of clothing Auditor AS PricewaterhouseCoopers Financial year 1 January 2018 – 31 December 2018 Reporting period 1 January 2018 – 30 June 2018 Consolidated interim report for the II quarter and 6 months of 2018 (in thousands euros, unaudited) CONTENTS Brief description of Baltika Group ............................................................................................................ 3 Management report ................................................................................................................................. 4 Management board’s confirmation of the management report ............................................................. 10 Interim financial statements ................................................................................................................... 11 Consolidated statement of financial position ......................................................................................... 12 Consolidated statement of profit and loss and comprehensive income ................................................ 13 Consolidated cash flow statement ........................................................................................................
    [Show full text]