Stable growth and good profitability

For Rimi Baltic 2021 was characterised by stable growth and good profitability. Extensive restrictions and lockdowns brought increased costs and a substantial drop in footfall in the first and fourth quarters in particular. Stores in city centre locations and shopping centres in Latvia and Lithuania were affected the most.

About Rimi Baltic

Rimi Baltic operates a grocery retail business and has 294 wholly owned stores in Estonia, Latvia and Lithuania. The properties owned by the Group in the Baltic region are also part of Rimi Baltic. At year-end Rimi Baltic had 82 stores in Estonia, 133 in Latvia and 79 in Lithuania. Rimi Baltic’s combined market share in the region is just above 14%.

*Excluding items affecting comparability