The consolidated revenues of companies controlled by MAXIMA GRUPĖ, UAB for the first half of 2023 increased by 18% and reached 2.8 billion EUR. Nearly half of the revenue growth was contributed by the increase in turnover of the retail chain “Stokrotka,” driven by several years of expansion in Poland. In the Baltic countries' stores, both customer traffic and the average shopping basket increased. Consolidated like-for-like (LFL) retail revenue grew by 15.7% at constant exchange rates.
Maxima Grupė, owning the leading retail chains Maxima and Barbora (an e-commerce business) in the Baltic States, as well as the retail chains Stokrotka in Poland and T-market in Bulgaria is pleased to announce that Standard & Poor's has confirmed its BB+ credit rating with a stable outlook. This affirmation reflects Maxima Grupė's strong financial position, robust business model, and its ability to navigate challenging market conditions.
MAXIMA GRUPĖ, UAB (hereinafter – „the Company“) informs, that it has concluded financing agreements for the total amount of 100 mln. EUR. The contracts have been concluded with companies AB SEB bankas and Skandinaviska Enskilda Banken AB (amount of 50 mln. EUR) and „Swedbank“, AB (amount of 50 mln. EUR).