Turnover of Apranga goes up in April

May 06, 2008 - Lithuania

The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 39.0 million (EUR 11.3 million) in April 2008, or 28.8% more than in April 2007.

In April 2008 the retail turnover of Apranga Group has increased by 28.4% in Lithuania, 28.0% in Latvia, and 34.5% in Estonia.

The retail turnover (including VAT) of Apranga Group has made LTL 160.5 million (EUR 46.5 million) in January through April 2008 and has increased by 31.5% comparing to corresponding period of 2007.

In January through April 2008 the retail turnover of Apranga Group in Lithuania has made LTL 107.6 million (EUR 31.2 million) and increased by 32.8% year-on-year, in Latvia LTL 38.9 million (EUR 11.3 million) and grew 33.9%, in Estonia LTL 14.0 million (EUR 4.0 million) and grew 24.4%.

Apranga Group has opened 3 new stores in 2008: s.Oliver in Riga, Aprangos Galerija and Stradivarius in Vilnius.

Currently Apranga Group operates a chain of 86 stores (57 in Lithuania, 24 in Latvia, and 5 in Estonia).

Shares of Apranga are listed on Baltic equity list on Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.