Strong earnings and launch of online shopping within Rimi Baltic

Rimi Baltic implemented a number of initiatives during the year aimed at strengthening its market position and facilitating sustainable growth with sustained good profitability. The main projects included continuing store conversions, expansion of the central warehouse in Riga and launch of e-commerce in Latvia.

About Rimi Baltic

Rimi Baltic operates a grocery retail business and has 277 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 86 stores in Estonia, 130 in Latvia and 61 in Lithuania. Rimi Baltic’s combined market share in the region is around 15%.1

1 For a definition of market share, see page 35 in Annual Report 2019.

16168 SEK m

Net sales 2019

744 SEK m

Operating profit 2019*

4.6 %

Operating margin 2019*

*Excluding items affecting comparability