Apranga Group Reports Strong Revenue Growth for 2024

Author: Owen Jenkins Updated: 02-28-2025 02:16 AM

Apranga Group's Remarkable Financial Performance in 2024

Apranga Group has demonstrated an impressive retail turnover, achieving EUR 354.2 million in the span of twelve months in 2024. This notable figure reflects an 8.5% increase compared to the previous year, highlighting the company's strong market position and customer demand.

Profit Growth and Financial Highlights

The unaudited consolidated profit before income tax for Apranga Group stood at EUR 19.4 million for the year ending in 2024. Although this shows a decline from EUR 20.3 million recorded in 2023, it nonetheless underscores the group's sustained profitability amidst a competitive retail landscape.

EBITDA Performance

In 2024, the Group's earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 41.5 million. This marks a 1.3% uptick compared to 2023, indicating effective cost management strategies and operational efficiency as key contributors to maintaining profitability.

Access to Financial Reports and Manager Insights

Investors and other interested parties can review the detailed unaudited interim consolidated financial statements and reports made available by Apranga Group. These documents provide vital insights into the group's performance over the last twelve months.

Contact Information

For any inquiries, Rimantas Perveneckas, General Manager of Apranga Group, can be reached at +370 5 2390801. He is available to discuss any questions or provide further information regarding the group's recent financial performance.

Conclusion and Future Outlook

As Apranga Group looks forward to future quarters, it remains focused on enhancing its retail strategies while navigating the ever-evolving marketplace. The positive growth trajectory in turnover, despite the slight dip in profits, indicates the brand's resilience and commitment to serving its customers effectively.

Frequently Asked Questions

What is Apranga Group's turnover for 2024?

In 2024, Apranga Group achieved a retail turnover of EUR 354.2 million, marking an 8.5% growth year-on-year.

How much profit did Apranga Group generate before tax in 2024?

The Group's unaudited profit before income tax for the year 2024 amounted to EUR 19.4 million.

What was the EBITDA for Apranga Group in 2024?

Apranga Group's EBITDA reached EUR 41.5 million for the year, showing a 1.3% increase compared to 2023.

Where can I find Apranga Group's financial reports?

The unaudited financial statements and interim report for Apranga Group are accessible for review on their official website for investors.

Who can I contact for more information about Apranga Group?

Rimantas Perveneckas, General Manager of Apranga Group, is available at +370 5 2390801 for any inquiries related to the company's performance and strategy.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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