April 19, 2018 6:21 AM 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: 56
Country Managing Director of Rimi Latvia
Country Managing Director of Estonia
Age: 50
Country Managing Director of Rimi Lithuania
Director of Saastumarket chain of discounter stores
Compensation as of Fiscal Year 2017.

Rimi Baltic, SIA Key Developments

Rimi Baltic Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

Rimi Baltic reported earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company’s net sales were SEK 3,767 million compared to SEK 3,695 million a year ago. Operating profit before depreciation/amortization (EBITDA) was SEK 258 million compared to SEK 248 million a year ago. Operating profit excl. items affecting comparability was SEK 174 million compared to SEK 167 million a year ago. For the full year, the company’s net sales were SEK 14,008 million compared to SEK 13,571 million a year ago. Operating profit before depreciation/amortization (EBITDA) was SEK 893 million compared to SEK 838 million a year ago. Operating profit excl. items affecting comparability was SEK 557 million compared to SEK 526 million a year ago.

Rimi Baltic Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Impairments for the Second Quarter Ended June 30, 2017

Rimi Baltic reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported, net sales of SEK 3,530 million, operating profit before depreciation/amortization (EBITDA) of SEK 214 million, operating profit excluding non-recurring items of SEK 128 million, compared to net sales of SEK 3,319 million, operating profit before depreciation/amortization (EBITDA) of SEK 205 million, operating profit excluding non-recurring items of SEK 130 million, for the same period a year ago. Operating profit before depreciation/amortisation was SEK 214 million against SEK 205 million a year ago. For the year to date, the company reported, net sales of SEK 6,828 million, operating profit before depreciation/amortization (EBITDA) of SEK 390 million, operating profit excluding non-recurring items of SEK 222 million, compared to net sales of SEK 6,513 million, operating profit before depreciation/amortization (EBITDA) of SEK 378 million, operating profit excluding non-recurring items of SEK 225 million, for the same period a year ago. For the quarter, the company reported impairments of SEK 6 million against SEK 1 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2018
17 Specific IKI and Rimi Stores in Lithuania
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