Tallinna Kaubamaja Fourth-Quarter Revenue Rose 6.3%, Led by Cars

Tallinna Kaubamaja AS (TKM1T), Estonia’s biggest retailer, said fourth-quarter sales advanced 6.3 percent, led by gains in its car and department store divisions.

Revenue for the three-month period rose to 119.5 million euros, the Tallinn-based company said today in an e-mailed statement. Sales at the car unit increased 89 percent from a year earlier and the department store unit’s revenue grew 11.6 percent.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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