Strong results in a challenging market

For Rimi Baltic the majority of 2023 was characterised by continued stiff competition on price, falling volumes and high – albeit reducing – levels of inflation. However, cost savings implemented, lower energy prices and a strong overall focus on cost control contributed to strong financial results for the year.

About Rimi Baltic

Rimi Baltic operates a grocery retail business and has 308 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, 138 in Latvia and 88 in Lithuania. Rimi Baltic’s combined market share in the region is around 13%*.

*Source: Country statistics.