tallinna kaubamaja as (UE8) Details
Tallinna Kaubamaja AS, together with its subsidiaries, engages in the retail and wholesale trade, and rental activities in Estonia, Latvia, and Lithuania. The company operates in five segments: Supermarkets, Department Stores, Car Trade, Footwear Trade, and Real Estate. The Supermarkets segment focuses on the sale of foodstuffs and convenience goods. The Department Stores segment focuses on the sale of beauty and fashion products. The Car Trade segment is involved in the wholesale of cars and spare parts to authorized car dealers. The Footwear Trade segment engages in the wholesale of footwear to family markets. The Real Estate segment is involved in the rental of commercial premises. The company was founded in 1960 and is based in Tallinn, Estonia. Tallinna Kaubamaja AS is a subsidiary of OÜ NG Investeeringud.
Last Reported Date: 04/17/13
Founded in 1960
tallinna kaubamaja as (UE8) Top Compensated Officers
Tallinna Kaubamaja AS Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013
Apr 17 13
Tallinna Kaubamaja AS announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced revenue of EUR 112,010,000 compared to EUR 106,034,000 for the same period a year ago. Operating profit was EUR 1,694,000 compared to EUR 3,543,000 for the same period a year ago. Profit before tax was EUR 1,483,000 compared to EUR 3,228,000 for the same period a year ago. Net loss for the financial year was EUR 2,289,000 or EUR 0.06 per basic and diluted share compared to net loss for the financial year of EUR 3,224,000 or EUR 0.08 per basic and diluted share for the same period a year ago. Total cash flows from operating activities were EUR 1,371,000 compared to EUR 3,994,000 for the same period a year ago. Purchase of property, plant and equipment (excluding finance lease) was EUR 9,936,000 compared to EUR 10,055,000 for the same period a year ago. Purchase of intangible assets was EUR 14,000. EBITDA from total segments was EUR 4,445,000 compared to EUR 6,081,000 for the same period a year ago. Negative return on equity was 1.7% compared to positive return on equity of 2.3% for the same period a year ago. Negative return on assets was 0.8% compared to positive return on assets of 1.2% for the same period a year ago. The first quarter of 2013 was characterized by the general downtrend of retail trade in connection with consumer expenses being directed to cover the rise in electricity prices and the heating costs of the drawn-out winter. Profit was significantly influenced by the rise in labor costs that is 13.4%.
Tallinna Kaubamaja AS Announces Approval of Profit Distribution, Payable on April 15, 2013
Mar 28 13
Tallinna Kaubamaja AS announced the approval of profit distribution proposal by the Management Board of EUR 0.35 per share to be paid for the year 2012, at its annual general meeting of shareholders held on March 28, 2013. The list of shareholders with a right to receive dividends shall be fixed as at April 14, 2013. Dividends shall be paid to the shareholders through transfer on April 15, 2013 to a bank account of a shareholder.
Tallinna Kaubamaja AS Announces Division of Subsidiaries; Jüri Kuusk to Become Member of the Management Board of OÜ Opti Auto
Mar 27 13
With the intention of improving the structure and making the administration of Tallinna Kaubamaja group more transparent, division of its subsidiaries shall take place. The field of activity of AS Viking Motors includes sale and service of Opel, Cadillac and KIA vehicles, and service of Saab, Corvette and Hummer in Tallinn. KIA Auto AS imports KIAs and is also active in the sales via its subsidiary OÜ Ülemiste Autokeskus. The sales activity of the group in Estonia shall be focused to AS Viking Motors. For this purpose KIA Auto AS plans to separate and transfer via division the shareholding in OÜ Ülemiste Autokeskus to AS Viking Motors. Secondly, with the purpose of making the sole activity of KIA Auto AS importing of cars, the shareholding of KIA Auto AS in Latvian subsidiary SIA KIA Automobiles and Lithuanian subsidiary UAB KIA Auto shall be transferred directly to TKM Auto OÜ. For this purpose another division of KIA Auto AS shall take place simultaneously, where the recipient company shall be OÜ Opti Auto, which shall be established in the course of division with a share capital of EUR 2,500 whereas TKM Auto OÜ shall get 100% shareholding in the company. On March 27, 2013, the division plan of KIA Auto AS and the division agreement of KIA Auto AS and AS Viking Motors were concluded. The mentioned divisions shall be registered with the Commercial Registry approximately in June 2013. Establishing the subsidiary and reorganizing the structure of the group has no impact on the consolidated financial results. Establishment of the subsidiary does not constitute an acquisition of a significant holding in the meaning of the section “Requirements for Issuers” in the NASDAQ OMX Tallinn rules. The mentioned restructuring does not have substantial influence on the operations of the Tallinna Kaubamaja AS group. The supervisory and management board members of Tallinna Kaubamaja AS have no personal interests in these transactions.
Jüri Kuusk who is also the member of the management board of TKM Auto OÜ and AS Viking Motors shall become the member of the management board of OÜ Opti Auto.