Vilniaus Prekyba, the owner of Lithuanian supermarket chain Maxima, drugstore chain Eurovaistinė and the DIY-chain Ermitažas, posted profits of €101 million last year, up 22% on 2014.
Kėdainių "Maxima"
© DELFI / Karolina Pansevič

The owner of the supermarket posted €3.17 billion in consolidated revenue, excluding VAT for 2015, up 3.7% from €3.06 billion in 2015.

"The revenue growth in 2015 was mostly due to an economic recovery and improving consumer expectations and, hence, increased consumption, as well as the companies' investments in expansion," said Vilniaus Prekyba chief executive Raimonda Kizienė.

She said the group aimed to strengthen its position in the Baltic countries, as well as in the Polish, Bulgarian and Ukrainian markets, where its companies hold a small market share.

The group's revenue grew 1.7% to €1.79 billion in Lithuania, by 4% to €0.75 billion in Latvia, and by 9.9% to €0.48 billion in Estonia. The group saw total revenue in Poland grow by 6.3% to €88.7 million, and by 10.4% to €74.3 million in Bulgaria.

Revenues in Ukraine, where it launched in 2015, were just €105,600.

Leave a comment
Commenting is allowed for registered users only!
By posting, you agree to terms
Read comments Read comments

Lithuania's budget gets EUR 4 mln of "nobody's money" after FNTT probes

4 million euros, officially recognized as having no owner, have been transferred to the state budget...

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...

Akmenė awaiting ground-shaking investment

Lithuania's northern district of Akmenė barely lags behind other cities in Šiauliai County in terms...