Observer Eesti Oü

Estonia Business News: Archive 2003-

WEEK 18.2007

Wednesday, 2nd of May, 2007

Baltika Group’s retail sale grew more than half
1Q retail sale of Baltika Group grew 53.4%, reaching EEK 213.6 million. Company’s selling space grew 56%, net profit was EEK 24 million.
Eesti Päevaleht, Ärileht

Rautakesko’s 1Q amount of sales increased 37%
Net turnover of Rautakesko in first three months 2007 was EEK 272 million, which makes 37% growth compared to 1Q 2006. Retail sale growth was 52%.
Eesti Päevaleht, Ärileht

Industrial production grew 7% in March
According to statistics department, production of Estonian industrial companies grew 2% in March compared to February. When compared to March 2006, production in industry as well as in manufacturing trade increased 7%. Growth of manufacturing trade production was the most affected by 4% increase in production of foodstuff industry.

Friday, 4th of May, 2007

Profit of Eesti Ehitus grew 80%
1Q net profit of Eesti Ehitus grew 81% compared to respective period last year and reached EEK 31.4 million. Construction company’s turnover was EEK 559.7 million, which is 64% growth in a year. 86% of sales revenue was earned from Estonia and 14% from Ukraine.

Teede REV-2 turnover exceeded billion limit
AS Teede REV-2 consolidated turnover in 2006 increased to EEK 1.1 billion; a year earlier turnover was EEK 786.6 million. Company’s profit from economic activities was EEK 70.9 million last year compared to EEK 25.9 million in 2005.

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