Apranga Group announces 5.8% increase in retail turnover for September 2016 vs. same month last year

Vilnius, Lithuania, 2016-Oct-04 — /EPR Retail News/ — The retail turnover (including VAT) of the Apranga Group amounted to EUR 19.1 million in September 2016, and has increased by 5.8% in comparison to September 2015.

The retail turnover (including VAT) of Apranga Group totalled EUR 59.4 million in 3rd quarter 2016 or by 10.1% more than in 2015.

The retail turnover (including VAT) of Apranga Group reached EUR 153.8 million in January through September 2016, and increased by 8.4% year-on-year.

In January through September 2016 the retail turnover of Apranga Group in Lithuania was EUR 89.9 million, and increased by 5.2% year-on-year.

In the nine months of 2016 the retail turnover of Apranga Group in Latvia has made EUR 37.3 million, and increased by 6.7% year-on-year.

In the nine months of 2016 the retail turnover of Apranga Group in Estonia has made EUR 26.6 million, and increased by 23.6% year-on-year.

In January through September 2016 Apranga Group opened 13 stores, reconstructed 3 and closed 3 stores.

Currently Apranga Group operates the chain of 179 stores (103 in Lithuania, 47 in Latvia and 29 in Estonia) covering the gross area of 82.1 thousand sq. m., or by 5.1% more than a year ago.

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

Contact:

Rimantas Perveneckas
Apranga Group Director General
Tel: +370 5 2390801

Investors Contact:

Saulius Bačauskas
APB Apranga Finance and Economics Director
Tel. +370 5 2390 808, +370 5 2390 843
Fax. +370 5 2390 800
E-mail: s.bacauskas@apranga.lt

Source: Apranga Group/globenewswire