Apranga Group Reports Strong August Turnover Growth
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Apranga Group's Retail Performance in August
In a promising display of growth, the retail turnover of Apranga Group reached EUR 31.1 million in August, marking a notable increase of 5.9% compared to the same month in the previous year. This figure highlights the company's ability to attract consumers in a competitive retail environment.
Year-to-Date Turnover Insights
For the period spanning January to August, Apranga Group's retail turnover (including VAT) totaled EUR 222.9 million. This represents a solid 9.0% increase compared to the same timeframe in the prior year, indicating sustained positive momentum in their business operations.
Regional Performance Breakdown
Examining the performance across different markets, we see that the retail turnover in Lithuania experienced a year-over-year increase of 6.8%. Meanwhile, Latvia demonstrated remarkable growth of 17.9%, and Estonia saw an increase of 4.1%. These figures showcase the group's strong presence and effective strategies in multiple regions.
Store Expansion and Coverage
Apranga Group currently operates an extensive network of 169 stores, consisting of 101 locations in Lithuania, 44 in Latvia, and 24 in Estonia. The total gross area of these stores is 91.3 thousand square meters, representing a growth of 3.2% compared to the previous year. This expansion underlines the group's commitment to enhancing its market presence and serving a broader customer base.
Company Leadership
Leading these efforts is Gabrielius Mork?nas, the CFO of Apranga Group, who emphasizes the importance of adapting to market trends and meeting consumer demands. For any inquiries, he can be reached directly at +370 5 2390843.
Frequently Asked Questions
What was Apranga Group's turnover in August 2024?
Apranga Group’s retail turnover in August 2024 amounted to EUR 31.1 million, reflecting a 5.9% increase compared to the previous year.
How much did the year-to-date turnover increase?
From January to August 2024, the year-to-date turnover increased by 9.0%, totaling EUR 222.9 million.
Which region saw the highest growth?
Latvia experienced the highest growth with an increase of 17.9% in retail turnover compared to last year.
How many stores does Apranga Group operate?
Apranga Group currently operates a total of 169 stores spread across Lithuania, Latvia, and Estonia.
Who is the CFO of Apranga Group?
The CFO of Apranga Group is Gabrielius Mork?nas, who plays a key role in the company’s financial strategy and operations.
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