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Maxima grupė announces 2.683 billion euro audited consolidated turnover, exclusive of VAT in 2015

Vilnius, Lithuania, 2016-May-31 — /EPR Retail News/ — In 2015, the audited consolidated turnover, exclusive of VAT, of the companies of Maxima grupė in the Baltic States, Poland and Bulgaria amounted to 2.683 billion euro. The consolidated net profit after taxes was 77 million euro, and investments in business development and maintenance exceeded 75 million euro. Over 176 million euro in taxes were paid in Lithuania.

Last year, the consolidated turnover of the companies of the group grew in all the countries and was 3.7 per cent higher than in 2014. In Lithuania, it grew by 2 per cent and was equal to 1.524 billion euro, in Latvia by 2.1 per cent and amounted to 689 million euro, in Estonia by 9.9 per cent with a turnover of 440.8 million euro, in Bulgaria by 10.2 per cent, which was equal to 72.5 million euro, and in Poland by 17.8 per cent, with a figure of 45.4 million euro in the audited turnover.

In 2015, the companies of the group invested 75.2 million euro in business maintenance and development, an increase of 34.3 per cent over 2014. A total of 25 new stores were opened, 16 stores were reconstructed, and a new modern logistics centre was opened near Tallinn in Estonia.

The group earned 77 million euro in consolidated net profit. As in 2014, the companies in Lithuania and Poland were profitable. The companies in Estonia, Bulgaria and Poland finished the year with a loss due to the high investments in business development. Maxima LT, which has the largest trade area and greatest number of stores, had the highest turnover of the group, with a net profit of 72 million euro.

The improved annual financial results of the companies were determined by the lower franchise tax, new improved internal processes, successful development which allowed the companies to grow, significantly changed purchasing habits of the consumers of the Baltic States, as well as the structurally changed basket of goods.

The taxes of the companies of Maxima grupė in Lithuania also grew in 2015. A total of 176 million euro was paid in taxes last year, an increase of 10.7 per cent over the previous year.

This year, the companies of Maxima grupė plan to increase their investment in business development and maintenance by a third more than last year’s amount, with an estimated expenditure of 99.5 million euro. A large proportion of this amount — over 55 million euro — will be allocated for Lithuania.

MAXIMA GRUPĖ, UAB is a controlling company registered in 2007, which currently consolidates retail companies in Lithuania, Latvia, Estonia, Bulgaria and Poland. 528 stores of Maxima X, Maxima XX, Maxima XXX, Aldik, T-Market operate in them: in Lithuania, 232 stores operate, in Latvia – 148, in Estonia – 74, in Bulgaria – 48, in Poland – 26. More than 31 thousand workers are employed in the Companies of the Group.

More information:
Giedrius Juozapavičius
Corporate Affairs Manager | Maxima Grupė

EPR Retail News