Apranga Group interim information for 12 months of 2022
28 Februar 2023 - 3:00PM
Apranga Group interim information for 12 months of 2022
The retail turnover (including VAT) of Apranga Group reached EUR
293.3 million in 12 months 2022 and was by 28.4% higher than in
2021 and by 18.3% higher 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 with a separate entrance
from the outside and sales area not exceeding 300 square meters
were open from 15 February 2021. Stores with a separate entrance
from the outside and a sales area exceeding 300 square meters were
open from 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 had
been open in Lithuania as of 29 May 2021. In Latvia, stores were
temporarily closed from 19 December 2020. Group‘s stores that
operate in shopping malls and have separate entrance from outside
had been reopened in Latvia as of 22 May 2021. All Group’s stores
had been open in Latvia as of 3 June 2021 until 14 October 2021,
when the operation of stores in shopping malls on weekends were
banned in Latvia, and from 21 October 2021 all Group’s stores in
Latvia again were temporarily closed. All Group’s stores were
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. Eventually, all Group’s stores
were allowed to work also on weekends as of 25 December 2021. In
Estonia, all Group’s stores were temporarily closed from 11 March
2021 until 3 May 2021. These temporary closures had a significant
impact on the Group's generated turnover in 2021.
The unaudited consolidated profit before income
tax of Apranga Group amounted to EUR 18.5 million in 12 months of
2022. The Group made profit before income tax of EUR 13.2 million
in the same period of 2021.
EBITDA of Apranga Group reached EUR 38.7 million
in 12 months 2022 and increased by 13.6% comparing to corresponding
period of 2021.
The unaudited interim consolidated financial
statements and consolidated interim report of Apranga Group for 12
months of 2022, 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
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