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February 06, 2016 2:44 AM ET

Food and Staples Retailing

Company Overview of Rimi Baltic, SIA

Company Overview

Rimi Baltic, SIA operates supermarkets, hypermarkets, and discount shops in Baltic States. It primarily offers food products, fancy brands, ecological products, and essentials. The company also offers private labeling services. Rimi Baltic, SIA was founded in 2005 and is based in Riga, Latvia. The company 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: 54
Country Managing Director of Rimi Lietuva
Country Managing Director of Rimi Latvia
Director of Saastumarket chain of discounter stores
Country Managing Director of Rimi Eesti Food AS
Compensation as of Fiscal Year 2015.

Rimi Baltic, SIA Key Developments

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.

Rimi Baltic Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Rimi Baltic reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of SEK 3,195 million compared to net sales of SEK 2,838 million for the same period a year ago. Operating profit (EBIT) excluding non-recurring items was SEK 145 million compared to operating profit (EBIT) excluding non-recurring items of SEK 113 million last year. For the year, the company reported net sales of SEK 11,632 million compared to net sales of SEK 10,333 million for the same period a year ago. Operating profit (EBIT) excluding non-recurring items was SEK 383 million compared to SEK 308 million last year.

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