The retail turnover (including VAT) of Apranga Group has made LTL 233.6 million
(EUR 67.7 million) in 6 months of 2008 and has increased by 27.6% comparing to
corresponding period of 2007.
The retail turnover of Apranga Group in Lithuania has made LTL 233.6 million
(EUR 67.7 million) in 6 months of 2008, has increased by 27.6% comparing to
corresponding period of 2007 and was in line with group's operational plans.
The retail turnover of Apranga Group in foreign markets has made LTL 78.1
million (EUR 22.6 million) in 6 months of 2008 and totaled 33.4 of the group's
turnover.
Due to the cooling consumer products market, the retail turnover in Latvia and
Estonia was lower than the rate of expansion, and by 15% lower than it was
planned.
Apranga Group has earned LTL 3.7 million (EUR 1.1 million) unaudited profit
before taxes in 6 months of 2008, of which LTL 4.2 million (EUR 1.2 million)
was earned in second quarter of 2008. This was respectively 65% and 15% less
than in the same periods of 5007.
The total sales area of Apranga Group during one year period has increased from
46.4 to 56.0 thousand sq. m, or by 20.7%. The stores area in the foreign
markets has increased from 12.5 to 18.0 thousand sq. m, or by 44.0%
“Apranga” group will open 16 new shops in the second half of 2008.
The Apranga Group retail turnover in 2008 may be around 10% less than it was
announced at the end of 2007 because of rapid decrease of consumer products
market growth rates in the Baltic States (especially in Latvia and Estonia),
also because of 2 months delay in the opening of the shopping centre Panorama
in Vilnius. The plans of the turnover and profit will be adjusted in the
beginning o November 2008
The consolidated interim financial statements for 6 months 2008 of Apranga
Group, as well as managers' confirmation letter are ready for acquaintance (see
attachments). The interim information is also available at
www.apranga.lt/investuotojams.
Vaidas Savukynas
Apranga Group CFO
+370 5 2390843
