Apranga Group interim information for 12 months of 2021
28 Februar 2022 - 3:00PM
Apranga Group interim information for 12 months of 2021
The retail turnover (including VAT) of Apranga Group was EUR
228.4 million in 12 months 2021 or by 11.8% more than in 2020 and
by 7.9% less than in 2019.
Due to epidemic coronavirus (COVID-19)
infection, from 16 December 2020, all the Group’s stores in
Lithuania were temporarily closed. Stores in Lithuania with a
separate entrance from outside and a sales area not exceeding 300
square meters had been open since 15 February 2021. All stores with
a separate entrance from outside had been open since 15 March 2021.
All Group’s stores have been reopened in Lithuania from 19 April
2021, however, stores operating in shopping malls were not allowed
to work on weekends, unless they had separate entrance from
outside. Eventually, all Group’s stores have been open in Lithuania
as of 29 May 2021. In Latvia, stores were temporarily closed from
19 December 2020. Stores with a separate entrance from outside and
an area not exceeding 7,000 square meters have been open in Latvia
from 7 April 2021. Group‘s stores that operate in shopping malls
and have separate entrance from outside were reopened as of 22 May
2021. Eventually, all Group’s stores have been open in Latvia as of
3 June 2021. However, due to the aggravation of the coronavirus
situation, from 14 October 2021 the operation of stores in shopping
malls on weekends were banned in Latvia, and from 21 October 2021
all Group’s stores in Latvia were temporarily closed. All Group’s
stores have been reopened in Latvia from 15 November 2021, however,
stores operating in shopping malls were not allowed to work on
weekends, unless they had separate entrance from outside. All
Group’s stores were allowed to also work on weekends as of 25
December 2021. In Estonia, all Group’s stores were temporarily
closed from 11 March 2021, and from 6 March 2021 to 11 March 2021
stores were not allowed to work on weekends. All Group‘s stores
have been reopened in Estonia from 3 May 2021. These temporary
store closures had a significant impact on the Group's generated
turnover, earned profit and, accordingly, financial
performance.
The unaudited consolidated profit before income
tax of Apranga Group amounted to EUR 12.8 million in the twelve
months of 2021. The Group made profit before income tax of EUR 6.0
million in the same period of 2020.
EBITDA of Apranga Group reached EUR 33.6 million
in the twelve months 2021 and increased by 23% comparing to
corresponding period of 2020.
The unaudited interim consolidated financial
statements and consolidated interim report of Apranga Group for
twelve months of 2021, as well as managers’ confirmation letter are
ready for acquaintance in the attachment. The interim information
is also available at: http://aprangagroup.lt/en/investors.
Rimantas Perveneckas„Apranga“ Group General
Manager+370 5 2390801
- Confirmation_2021Q4_EN
- FA2021Q4 EN
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