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Published: 2019-04-01 11:28:58 CEST
Apranga
Investor News

Turnover of Apranga Group in March 2019 and 1st quarter 2019

Retail turnover (including VAT) of Apranga Group amounted to EUR 17.7 million in March 2019 and has increased by 11.0% comparing to March 2018.

The retail turnover (including VAT) of Apranga Group reached EUR 49.8 million in January through March 2019 or by 6.9% more than in 2018.

In January-March 2019, the retail turnover of Apranga Group in Lithuania increased by 13.7% year-to-year, in Latvia decreased by 5.3% and in Estonia increased by 1.8%.

During 1st quarter 2019, Apranga Group opened 4 stores, renovated 3 stores and closed 8 stores.

Currently Apranga Group operates the chain of 178 stores (111 in Lithuania, 38 in Latvia and 29 in Estonia) covering the gross area of 80.7 thousand sq. m., or by 4.0% less than at the end of 1st quarter 2018.

Due to the ongoing restructuring of the chain, the number of stores in Latvia, compared to the same period of the previous year, decreased by 7 stores and the retail space decreased by 19%. But already on the 4th of April 2019, 11 new stores will be opened in the new shopping center "Akropole" in Riga with the area of 8.5 thousand. sq.m. The area of stores in Riga, compared to April 2018, will increase by 23%.

Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801