Last year’s sales revenue of Tallinna Kaubamaja Group increased by 7.3%


The sales revenue of Tallinna Kaubamaja Group for 2014 was 535 million euros, which was 7.3% higher than the year before. The consolidated unaudited sales revenue for Q4 2014 was 5.3% higher than the sales revenue for the relevant period in 2013. Group’s net profit for 2014 amounted to 20.3 million euros, which exceeded the result for 2013 by 16.2%. The consolidated unaudited net profit for Q4 2014 was 10 million euros, which was higher by 11.4% than that of the year 2013.

According to Raul Puusepp, Chairman of the Management Board of Tallinna Kaubamaja Group, the results allow to be optimistic. “In the fourth quarter, the main retail segments of the Group continued to grow, which is a good result considering the overall results of the Estonian retail market. In general, 2014 can be considered successful for us,“ Raul Puusepp said. “Also, in 2014, the emphasis continued to be on e-commerce. Kaubamaja went on with the development of campaign shops, and in addition to Osturalli e-shop, during the Christmas period, an e-shop for buying gifts was open. A little makeover was performed on the web pages of Selver, ABC King and I.L.U., the latter now has online shopping opportunities as well,“ Puusepp added.

The turnover growth for Selver supermarkets can be associated with new stores that have been opened during last two years. The launch of the new gourmet products department in Pirita has been a success; changes in product assortment have also played their part. “When talking about the purchasing habits of consumers one can’t help but notice that the purchasing power has grown little by little due to wage growth and low inflation. Considering the recent positive trends, I am glad that the construction works of a new shopping and entertainment centre in Viimsi are coming to an end in autumn, where we plan to open a new Selver,“ Raul Puusepp said. The number of holders of Partner Cards of the Group’s customer loyalty program reached 614,000 this year, increasing by 7.1% compared to 2013. “This indicates the continuously high trust of loyal customers to us, and that the direction we have taken is right. We are currently working on technological solutions for Partner Card program in order to make shopping even more comfortable in the future,” added Puusepp.

The consolidated sales revenue of Selver supermarkets for 2014 was 368.2 million euros, increasing by 7.3% compared to the previous year. The net profit of Selver supermarkets was 7.7 million euros, which was 3 million euros more that in 2013. The sales revenue of Selver per square metre of sales space was 360 euros a month in 2014, which was by 0.2% less than last year. In 2014, a total of 35.6 million purchases were made in Selver supermarkets. The Selver supermarket chain operates 44 stores with 83.9 thousand square metres of sales space.

The sales revenue of department stores segment for 2014 was 92.5 million euros, increasing by 3.3% compared to the previous year. The net profit of department stores reached 3.4 million euros, showing the 6.3% growth. In 2014, the sales revenue of department stores per square metre of sales space was in average 300 euros a month, which was 2.2% higher than the year before.

In 2014, the sales revenue of OÜ TKM Beauty operating the I.L.U. cosmetics shops was 4.7 million euros, increasing by 1.6% compared to 2013. The net loss of I.L.U. was 0.3 million euros, which was an improvement by 70 thousand euros compared to the loss of the last year.

The sales revenue of the car trade segment of the Group for 2014 was 57.7 euros, exceeding the result of 2013 by 20.1%, whereas the sales revenue of KIAs had risen by 16.9%. A total of 3,050 cars were sold in 2014. The segment’s net profit for 2014 was 1.7 million euros, which was 14.3% less than in 2013.

The turnover of the Group’s footwear stores for 2014 was 13.4 million euros, decreasing by 9% compared to the year before. The loss for 2014 was 1.3 million euros, which was 1.2 million euros more than the loss of 2013. The sales revenues were significantly affected by the relocation of the ABC King store and termination of the rental contract of the SHU footwear store in Viru Keskus. By the end of 2014, the Group operated 27 footwear stores on total area of 8.8 thousand square metres.

The external revenue of the real estate segment for 2014 was 3.3 million euros, which was 1.1% more than last year. The net profit of the segment for 2014 was 8.8 million euros, increasing by 13% compared to the net profit of 2013.

Tallinna Kaubamaja Group ( comprises the following operators: Kaubamaja AS, Selver AS, Kulinaaria OÜ, Topsec Turvateenused OÜ, Viking Security AS, Tartu Kaubamaja Kinnisvara OÜ, Tallinna Kaubamaja Kinnisvara AS, TKM Beauty OÜ, TKM Beauty Eesti OÜ, TKM Auto OÜ, KIA Auto AS, Viking Motors AS, AS TKM King, Selver Latvia SIA, SIA TKM Latvija, SIA Forum Auto, KIA Auto UAB, and Rävala Parkla AS. The sales revenue of Tallinna Kaubamaja Group for 2014 was 535 million euros. The shares of Tallinna Kaubamaja have been listed on Tallinn Stock Exchange since 1996. In 2014, the Group companies employed on average 3,824 people.