Observer Eesti Oü

Estonia Business News: Archive 2003-

WEEK 9.2007

Tuesday, 28th of February, 2007

Sandman Group’s turnover grew
Sandman Group AS’ net turnover in 2006 was EEK 896 million; a year before company’s net profit was EEK 555 million. Company’s growth in turnover was due to strategic investments into PlussMiinus Elektroonika and Euronics stores, informed Sandman Group. Company’s main business is the sale of domestic appliances and home electronics.

Henkel had record year in east
Henkel’s companies in central and east Europe increased gross income in 2006 to EUR 1881 billion, which is 39.7%. In the Baltic States, Henkel’s gross income in 2006 reached EEK 564.2 million.

Wednesday, 1st of March, 2007

BIG’s quarter profit grew 2.5 times
BIG’s net profit in 4Q 2006 was EEK 54.9 million. Income from interests grew to EEK 86.2 million in 4Q, which is 2.5 times more compared to the same period in 2005. At the same time, interest expenses increased 2.1 times. Total amount of loan customers reached 44,000 in the end of the year, which is more than 50% more than in the end of 3Q.

Thursday, 2nd of March, 2007

Number – EEK 114 million
Profit of Selver stores grew to EEK 114 million in 2006, which means more than four times growth compared to 2005. Tallinna and Tartu Kaubamaja made EEK 105 million profit.

Henkel Makroflex had good growth in turnover
Henkel Makroflex AS’ turnover grew to EEK 942 million last year; turnover was EEK 751 million a year before. Company’s profit from economic activities was EEK 112 million; profit in 2005 was EEK 83 million. Henkel Makroflex produces and markets building chemistry products.

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