News
With the aim of reorganising the structure of the companies of Tallinna Kaubamaja Grupp, splitting up retail sale and wholesale of beauty products and footwear into separate companies, and developing financial services that support retail trade, the Group’s subsidiaries will be restructured and three new subsidiaries will be established as set out below.
Unaudited consolidated interim accounts for the second quarter and first six months of 2020
In the second quarter of 2020, the consolidated unaudited sales revenue of Tallinna Kaubamaja Grupp was 171.0 million euros, which was 5.8% less than the sales revenue of the same period in 2019. The sales revenue in the first six months was 346.5 million euros, which was a 0.5% increase in comparison with the result of the first six months of 2019, when the sales revenue was 344.9 million euros. The Group’s consolidated unaudited net profit of the second quarter of 2020 was 5.8 million euros, which was about a third less than the profit of the comparable period in 2019. The Group’s net profit of the first six months of 2020 was 4.1 million euros, which was also about a third less than the result of the previous comparable period. In the first six months, pre-tax profit was 9.9 million euros, which is 21.7% less than the year before. Net profit was affected by the dividend payment, from which 5.8 million euros of income tax was calculated in the first quarter of 2020; 6.5 million euros of income tax was calculated a year before. Read more
Acquisition of the Shares of ABC Supermarkets AS
Today, on April 27th 2020, Selver AS a subsidiary of Tallinna Kaubamaja Grupp AS, has entered into an agreement to acquire 100% of the shares of ABC Supermarkets AS. The transaction shall be completed after obtaining the necessary permissions from the Competition Authority and performing other additional procedures. The nominal value of the shares of ABC Supermarkets AS is 984,239 euros (it consists of 984,239 shares with the nominal value of 1 euro). Read more