22 January 2020
The Weekly
Estonia

The consolidated unaudited revenue of Kaubamaja Group for the fourth quarter of 2019 was €192.6mn, exceeding the prior year sales revenue by 5.6%. Its 12 months sales revenue was €717.2mn, up 5.3% compared to 2018 results, when sales revenue was €681.2mn. The consolidated unaudited net profit for the fourth quarter of 2019 was €14.1mn, which is 22.0% higher than the comparable period last year. The Group's net profit for 2019 was €31.1mn, 2.3% higher than a year ago. Pre-tax profit for the twelve months was €37.7mn, up 2.5% from the previous year. The net profit was influenced by the dividend tax, which in the first quarter of 2019 was taxed at €6.3mn, a year ago it was €6.7mn. Net profit was reduced by €1.5mn for the first time in 2019 IFRS 16 lease accounting.

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