Apranga’s EBITDA over 9 months increased by 8.5%

Posted: 2021-10-29 15:17

Photo by Judita Grigelyts (V)

The turnover (including VAT) of the clothing group’s network in January-September 2021 amounted to LTL 158.2 million. EUR, or 5.1% more than in the corresponding period of the previous year and 9.8% less than in the corresponding period of 2019.

Due to the epidemic of coronavirus infection, stores were able to operate intermittently, with temporary store closures further boosting the group’s turnover, earnings and financial performance, with the company announcing its results through Nasdaqbir.

The Group’s unaudited consolidated profit before tax for the 9 months amounted to LTL 8.2 million. Eur. During 2020 Consolidated profit before tax for 9 months amounted to LTL 5.4 million. Eur, and in 2019. 7.3 million for 9 months. Eur.

Group EBITDA during 2021 for nine months amounted to 23.2 mln. EUR and, compared to the corresponding 2020 increased by 8.5% during the period considered.

In September, the Apranga Group operated a network of 172 stores (101 in Lithuania, 46 in Latvia and 25 in Estonia), with a total area of ​​91,900 sq. M. m. Compared to the same period last year, the store area decreased by 1.7%. In October, the group opened two stores in Vilnius, next to the Western City Bypass, opened more than 73,000 sq. M. m area Vilnius Outlet is the largest store in the center of northern Europe.