Turnover of LMT Retail;Logistics up 13.2% in 2021

Published date30 May 2022
Publication titleLETA

RIGA, May 30 (LETA) - LMT Retail;Logistics, a subsidiary of the Latvian mobile operator LMT, posted EUR 112.714 million in turnover for 2021, which is an increase of 13.2 percent against a year before, while the company's profit grew 2.6 times to EUR 3.664 million, according to Firmas.lv business database.

The company's management described last year's performance results as excellent, as LMT Retail;Logistics achieved its largest turnover yet.

The company's management also indicated that remote working and learning during the Covid-19 crisis increased demand for devices like desktop computers, laptops, tablets and their accessories. Meanwhile, sales of smartphones remained on the level of 2020.

ccording to the company's annual report, e-commerce contributed significantly to last year's sales, with around 14 percent of goods sold in online trade in 2021...

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