Apranga Group announces 6.6% retail turnover increase in October 2016 vs. previous year

Vilnius, Lithuania, 2016-Nov-03 — /EPR Retail News/ — The retail turnover (including VAT) of the Apranga Group amounted to EUR 21.9 million in October 2016, and has increased by 6.6% in comparison to October 2015.

The turnover of October 2016 is a record monthly turnover of Apranga Group in history.

In January through October 2016, the retail turnover of Apranga Group (including VAT) totalled EUR 175.7 million, and increased by 8.1% year-to-year.

In January-October 2016, the retail turnover of the Apranga Group in Lithuania increased by 5.1% year-to-year, in Latvia increased by 6.3% and in Estonia by 23.2%.

Currently Apranga Group operates the chain of 180 stores (104 in Lithuania, 47 in Latvia and 29 in Estonia) covering the gross area of 82.3 thousand sq. m., or by 4.6% 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 FOR INVESTORS:
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