Wednesday, January 17, 2007
Rimi Baltic 2006 net sales increased 20% and reached EUR 970 mln.
2006 was a year with strong growth and many changes in our business. We opened 29 new stores in the Baltic – six Rimi hypermarkets, one Rimi supermarket and 22 Supernetto/Saastumarket hard discount stores . These sales allowed us to maintain our leading positions in Estonia (market share is 24%) and Latvia (market share is 22%) as well as to boost the market share of Rimi’s operations in Lithuania which reached 7%.
The market share of Rimi Baltic in the Baltic region grew with 1%-pt to 16%.
Total investments in all three Baltic countries in 2006 were EUR 62 millions.
At the end of the year ICA acquired 50% Kesko Food’s shares in Rimi Baltic is now 100% owned by Swedish ICA AB – being a subsidiary of one company enables us to operate even more effectively” says Rimi Baltic CEO Antonio Soares.
Rimi Baltic group sales in 2006 per country, excluding VAT:
| Million euro | Increase, % | |
|---|---|---|
| Rimi Eesti Food | 345.6 | 7.2 % |
| Rimi Latvia | 429.3 | 23.9 % |
| Rimi Lietuva | 194.6 | 40.4 % |
| Rimi Baltic group, total | 969.5 | 20.0 % |
Rimi Baltic operates 204 stores in the Baltic region – 90 in Latvia, 63 in Estonia and 51 in Lithuania. 58 Rimi supermarkets, 30 Rimi hypermarkets and 116 hard discount stores (Supernetto in Latvia and Lithuania, Säästumarket in Estonia). Rimi Baltic employs more than 10 000 people.
Additional information:
Mare Bakker Rimi Eesti Food PR Manager,
Phone: +372 6059430
Zane Enina Rimi Latvia Marketing and PR Manager
Phone: +371 7045526
Raminta Stanaityte - Cesnuliene Rimi Lietuva PR Manager
Phone: +370 52461053