August 31, 2016 11:26 PM ET

Food and Staples Retailing

Company Overview of Rimi Baltic, SIA

Company Overview

Rimi Baltic, SIA operates supermarkets, hypermarkets, and discount shops in the Baltic States. The company primarily offers fruits, vegetables, grains and mushrooms, fancy brands, and ecological products. It also provides private labeling services. The company was founded in 2005 and is based in Riga, Latvia. Rimi Baltic, SIA operates as a subsidiary of ICA Baltic AB.

A. Deglava street 161

Riga,  1021

Latvia

Founded in 2005

Phone:

371 67 045 409

Fax:

371 67 045 400

Key Executives for Rimi Baltic, SIA

Chief Executive Officer
Age: 55
Country Managing Director of Rimi Latvia
Country Managing Director of Estonia
Country Managing Director of Rimi Lithuania
Director of Saastumarket chain of discounter stores
Compensation as of Fiscal Year 2016.

Rimi Baltic, SIA Key Developments

Rimi Baltic Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Rimi Baltic announced earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced net sales of SEK 3,368 million compared to SEK 3,195 million for the same period a year ago. Operating profit before depreciation and amortization was SEK 240 million compared to SEK 218 million for the same period a year ago. Operating profit excluding non-recurring items was SEK 128 million compared to SEK 145 million for the same period a year ago. For the full year, the company announced net sales of SEK 12,632 million compared to SEK 11,632 million for the same period a year ago. Operating profit before depreciation and amortization was SEK 807 million compared to SEK 722 million for the same period a year ago. Operating profit excluding non-recurring items was SEK 415 million compared to SEK 383 million for the same period a year ago.

Rimi Baltic Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Rimi Baltic announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of SEK 3,196 million compared to SEK 2,952 million a year ago. Operating profit before depreciation/amortization (EBITDA) was SEK 182 million compared to SEK 220 million a year ago. Operating profit excl. non-recurring items was SEK 110 million compared to SEK 93 million a year ago. For the nine months, the company reported net sales of SEK 9,264 million compared to SEK 8,437 million a year ago. Operating profit before depreciation/amortisation (EBITDA) was SEK 567 million compared to SEK 504 million a year ago. Operating profit excl. non-recurring items was SEK 287 million compared to SEK 238 million a year ago.

Rimi Baltic Announces Earnings Results for the Second Quarter and First Six Months Ended June 30, 2015

Rimi Baltic announced earnings results for the second quarter and first six months ended June 30, 2015. For the quarter, the company announced net sales of SEK 3,136 million compared to SEK 2,888 million for the same period a year ago. Operating profit before depreciation (EBITDA) was SEK 235 million compared to SEK 156 million for the same period a year ago. Operating profit excluding non-recurring items was SEK 99 million compared to SEK 86 million for the same period a year ago. Higher sales volumes, lower purchasing prices and an increased proportion of private labels sales had a positive impact on earnings while higher store costs had the opposite effect. For the six months, the company announced net sales of SEK 6,068 million compared to SEK 5,485 million for the same period a year ago. Operating profit before depreciation (EBITDA) was SEK 385 million compared to SEK 284 million for the same period a year ago. Operating profit excluding non-recurring items was SEK 177 million compared to SEK 145 million for the same period a year ago.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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