Apranga Group interim report for three months of 2019
The retail turnover (including VAT) of Apranga Group reached EUR 49.8 million in 1st quarter 2019 or by 6.9% more than in 2018.
The unaudited consolidated loss before income tax of Apranga Group amounted to EUR 0.8 million in 3 months 2019, while Apranga Group has made the loss of EUR 1.2 million in the same period of 2018.
From 1st January 2019, the Company implemented a new International Financial Reporting Standard (IFRS) 16 “Leases”. Due to the application of this standard, the Group’s and Company’s rent expenses decreased but depreciation and amortization charges and interest expenses increased. Accordingly, it also influenced the calculation of indicators. The negative impact of IFRS 16 “Leases” on the Group's profit before tax amounted to EUR 140 thousand in Q1 2019.
EBITDA of Apranga Group reached EUR 3.8 million in 3 months 2019, and it was EUR 0.4 million in corresponding the year 2018 period. The positive impact of IFRS 16 “Leases” on the Group's EBITDA ratio was EUR 3.0 million.
The unaudited interim consolidated financial statements of Apranga Group for three months of 2019, as well as managers’ confirmation letter are ready for acquaintance in the attachments. The interim information is also available at: http://aprangagroup.lt/en/investors.
Apranga Group General Director
+370 5 2390801