Apranga Group Achieves Record Retail Turnover in 2024
Record Retail Turnover for Apranga Group in 2024
Apranga Group has reached impressive milestones in its retail turnover for the year 2024. In December, the group reported a turnover of EUR 36.7 million, showcasing a remarkable increase of 9.1% when compared to the same month in the previous year. This figure marks the highest monthly turnover in the company's history, underscoring its robust performance in the retail sector.
Quarterly Performance Highlights
In the fourth quarter of 2024, Apranga Group's retail turnover totaled EUR 102.8 million, representing an 8.0% increase year-on-year. This growth trend was visible across its market segments, with Lithuania seeing an 8.8% rise, Latvia following closely with an 8.5% increase, and Estonia at 3.7%. Such performances reflect the group's strategic focus and operational efficiency in enhancing customer experience and expanding its market presence.
Annual Retail Turnover Growth
The unaudited retail turnover for the entire year of 2024 reached an impressive EUR 354.2 million, equating to an 8.5% increase from 2023. In Lithuania, the turnover reached EUR 211.8 million, representing a 7.6% growth year-on-year. Meanwhile, Latvia stood out with a turnover of EUR 90.7 million, enjoying a 14.1% increase, while Estonia had a turnover of EUR 51.7 million, which increased by 3.4% over the same period.
Store Expansion and Renovation Efforts
To support this substantial growth, Apranga Group undertook significant changes in its store portfolio throughout 2024. The company opened seven new stores and renovated eleven existing ones while closing five locations. Currently, Apranga Group operates a total of 171 stores, distributed across Lithuania, Latvia, and Estonia. This increase means covering a gross area of 92.0 thousand square meters, which is a 1.3% increase from the previous year.
Leadership Insights
Rimantas Perveneckas, the General Manager of Apranga Group, expressed optimism about the year ahead, highlighting how these results reflect the commitment of the team to meet consumer needs. The sustained growth in retail turnover positions Apranga Group for further success in the competitive retail environment.
Frequently Asked Questions
What was Apranga Group's turnover in December 2024?
The turnover for December 2024 was EUR 36.7 million, a 9.1% increase from December 2023.
How did Apranga Group perform in the fourth quarter?
In Q4 2024, the retail turnover was EUR 102.8 million, which represents an 8.0% increase year-on-year.
What is the total retail turnover for the year 2024?
The total retail turnover for 2024 reached EUR 354.2 million, marking an 8.5% year-on-year increase.
How many stores does Apranga Group currently operate?
Apranga Group operates a total of 171 stores across three countries.
What changes were made to the store portfolio in 2024?
Apranga Group opened 7 new stores, renovated 11, and closed 5 throughout the year.
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