Vilnius, Lithuania, 2016-01-04 09:02 CET (GLOBE NEWSWIRE) -- The unaudited year 2015 retail turnover (including VAT) of Apranga Group reached EUR 198.9 million, and has increased by 8.4% comparing to 2014.
In 2015 the retail turnover of Apranga Group in Lithuania was EUR 120.8 million, and increased 8.9% year-on-year. In 2015 the retail turnover of Apranga Group in Latvia reached EUR 48.5 million, and increased 2.5% year-on-year, in Estonia has made EUR 29.6 million, and increased 17.3% year-on-year.
The retail turnover (including VAT) of Apranga Group totalled EUR 57.0 million in 4th quarter 2015 or by 10.8% more than in 2014. During the 4th quarter 2015 the retail turnover of Apranga Group in Lithuania increased 11.8% year-on-year, in Latvia increased by 5.0% and in Estonia by 16.9%.
The retail turnover (including VAT) of Apranga Group amounted to EUR 18.8 million in December 2015, and has increased by 10.3% in comparison to December 2014.
During the year 2015 Apranga Group opened 16 stores, reconstructed 9 and closed 8 stores. Currently Apranga Group operates the chain of 169 stores covering an area of 78.6 thousand sq. m. Stores area increased by 7.3% during the year.
Apranga Group plans to reach EUR 214 million turnover (including VAT) in 2016, or by 7.6% more, than actual the year 2015 turnover.
Shares of Apranga are listed on Baltic equity list on Nasdaq Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Saulius Bačauskas
Apranga Group CFO
+370 5 2390843