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
+37065915118
Giedrius.Juozapavicius@maximagrupe.eu

Maxima Grupė further expands in Estonia with the opening of its first MAXIMA XXX in Tallinn

Tallinn, Estonia, 2015-12-15 — /EPR Retail News/ — Maxima Grupė continues its development in Estonia. The 75th Maxima Eesti-owned shop was opened in Tallinn, which marks a new stage of development – it is the first MAXIMA XXX in Estonia’s capital Tallinn. The investment of 16.5 million euro had been reserved for acquisition of land, construction and furnishing of the shop.

The new shopping centre is a part of an intense plans of development of Maxima Grupė in Estonia. It is the fifth new shop in Estonia this year. As of the end of this year, Maxima Grupė will have opened 25 new and reconstructed 16 shops in five countries of its operations.

“Opening of the new “Super-size Maxima XXX” in Tallinn is a result of an important qualitative step of development. The development of large-format shops in Tallinn commenced two years ago is fundamentally changing the image of Maxima in Estonia and increasing the competitiveness of the retail chain” – said Managing Director of Maxima Grupė Neringa Janavičiūtė.

The acting Mayor of Tallinn, Deputy Mayor Taavi Aas who has attended the opening of the shop took note of Maxima Eesti’s consistent contribution to the welfare of the residents of Tallinn for many years. “In the last year alone, Maxima Eesti opened 3 new shops in the city’s residential neighbourhoods and created nearly 350 permanent jobs and local infrastructure” – said Taavi Aas.

The new Maxima will be the largest in Tallinn both in floor area and the number of employees. The area of the trade hall is 4 thousand m2, the total area of the shopping centre is 6 thousand m2. The buyers are serviced every day by 260 employees and there will be more products of Estonian companies in the offerings of the shop.

On the opening day the new shop has reached a shopping record among Maxima shops in Estonia – it was visited by 10 thousand buyers.

“This is the first shop of its size in the capital. The buyers will find the best supply of fresh produce, the best goods of Estonian producer and unique novelties from around the world. I am confident that this step will bring us closer to the goal – to offer what the largest number of customers need and take the leading position in Estonia” – said Vygintas Šapoka, Maxima Eesti Executive Director.

16 more Maxima X shops and 7 Maxima XX shops are open in Tallinn, central headquarters of Maxima Eesti are located in the city as well. The retail chain has created 1,500 jobs in the capital in total. There are 51 more shops in other regions of Estonia. Construction of the new Maxima logistics centre is nearing completion at present in Estonia. It will become operational early next year. The investment of approximately 30 million euro is dedicated for the implementation of this project.

“The turnover of Maxima Eesti in the first half of this year was EUR 213 million excluding VAT, an increase of 9.3 per cent compared with the last year.

Maxima Grupė is a holding company incorporated in 2007, which manages the retail trade companies in Lithuania, Latvia, Estonia, Poland and Bulgaria. 532 shops Maxima X, Maxima XX, Maxima XXX, Aldik, T-Market are a part of it: 232 of them in Lithuania, 148 in Latvia, 75 in Estonia, 47 in Bulgaria, 30 in Poland.

More information:
Giedrius Juozapavičius
Corporate Affairs Manager | Maxima Grupė
+37065915118
Giedrius.Juozapavicius@maximagrupe.eu

SOURCE: MAXIMA GRUPĖ, UAB