Apranga Group retail turnover in August 2006
The turnover of Apranga Group, the leader of retail apparel market,
made LTL 29.6 million (EUR 8.6 million) (VAT included) in August
2006 increasing by 57.2% comparing to the same period last year.
This is an absolute monthly turnover record for Apranga Group.
Previous best result (October 2005) was improved even by 25.4%.
Retail turnover of Apranga Group in Lithuania has made LTL 20.3
million, and has increased even by 66.9%. Retail turnover has
increased by 55.1% in Vilnius, 56.7% in Kaunas and 2.6 times in
Klaipėda. Impressive pace of development and turnover growth in
Lithuanian market is one of the most important directions of
strategic activities of Apranga Group for year 2006.
Retail turnover of Apranga Group in Baltic States in January
through August 2006 was LTL 171.9 million (EUR 49.8 million),
and has increased by 45%. Apranga Group turnover in Lithuania
within first eight months 2006 has increased by 44.1% in Lithuania,
53.6% in Latvia, and 32.1% in Estonia.
Consolidated unaudited profit before taxes of the Apranga Group
in January through August 2006 has made LTL 6692 thousand
(EUR 1938 thousand), or 2.7 times more than during the same
period last year (LTL 2486 thousand, EUR 720 thousand).
This year Apranga Group has already opened 12 new stores: 7 in
Vilnius, 3 in Riga, 1 in Kaunas and 1 in Klaipėda. Currently
Apranga Group owns a chain of 60 stores in the Baltic States.
Additionally about 10 new stores are to be opened until the end
of the year 2006.
Vaidas Savukynas
CFO
+370 5 2390843
