MAXIMA GRUPĖ reports of EUR 2,583 billion Turnover in 2014; 2.5% up compared to 2013

Vilnius, Lithuania, 2015-2-5 — /EPR Retail News/ — Last year the consolidated turnover of the company “MAXIMA GRUPĖ” was EUR 2,583 billion without VAT, and grew 2.5 percent as compared with 2013. The retail chains belonging to the company in the Baltics, Poland, and Bulgaria focused on increasing the competitiveness and more effective organization of operations. 17 new stores were opened and 31 reconstructed during the year. The company‘s investment in expansion and chain maintenance in 2014 totaled almost EUR 56 million.

“As in the most countries we further observe rational consumers behavior that predetermines moderate but stable market growth, during the last years we mostly focused on increasing the companies’ competitiveness, first of all taking into account the interests of our consumers. Moreover, we paid significant attention to improving the operational processes of the companies’ in each country, starting from supply, the logistics chain, and management of the assortment of goods and finishing with improving of the working conditions in our stores. These working directions will remain relevant in the future as well”, – says Neringa Janavičiūtė, Director General of “MAXIMA GRUPĖ”, UAB.

N. Janavičiūtė notes that in terms of results by country, the company growth was the highest last year in Poland and Estonia. The turnover of “ALDIK” chain in Poland reached EUR 37.7 million without VAT and, compared to 2013, was 21.6 percent higher. Such swift growth is observed in the country for the second consecutive year. Two “ALDIK” stores were opened in Warsaw last year, and further chain expansion is planned this year as well.

Comparing the results in the Baltic States, for the third year in a row the biggest growth took place in Estonia. Total “MAXIMA Eesti” turnover exceeded EUR 401 million without VAT and was 5.2 percent higher than in 2013. These results were influenced by the increase of company’s competitiveness by expanding the chain of large stores in the Estonian capital: the started expansion of large format (“XX” format) stores proved fruitful and will be continued, and the first “MAXIMA XXX” store will open in Tallinn at the end of this year. Also last year the company started building a new logistics center, worth almost EUR 30 million. The end of its construction is estimated at the end of 2015.

In Lithuania the results reflected the country‘s overall economic growth trends. The turnover of “MAXIMA LT” grew 2.5 percent in 2014 and surpassed EUR 1,417 billion without VAT. One of the company‘s key objectives in 2014 was the proper preparation for the adoption of the Euro, and this went smoothly at the beginning of this year. In 2015 the company will focus mostly on ensuring the competitiveness.

“MAXIMA Latvija” turnover reached EUR 660 million without VAT last year, which is practically the same as the year before, having increased 0.1 percent. The company allocated the biggest attention and resources to implementing the Change Program – it was dedicated for this purpose over EUR 11 million.

The yearly turnover of “MAXIMA Bulgaria” was EUR 65.6 million without VAT and grew 4.2 percent. This year company also has plans to expand its chain by further increasing the number of small format “T-MARKET” stores.

“MAXIMA GRUPĖ” is a holding company, established in 2007, that controls retail stores in Lithuania, Latvia, Estonia, Poland, and Bulgaria. It has a total of 517 “MAXIMA X”, “MAXIMA XX”, “MAXIMA XXX”, “ALDIK”, and “T-MARKET” stores: 228 in Lithuania, 146 in Latvia, 73 in Estonia, 44 in Bulgaria, and 26 in Poland.