Last update: 20.07.2024 06:56 (GMT+3)

Apranga APB: The sales turnover in 2004 and the plans for 2005

10.01.2005, Apranga, VLN
Apranga APB
Company event

The sales turnover in 2004 and the plans for 2005

The sales turnover of the leader of the Lithuanian clothing market the network
of Apranga group in Lithuania, Latvia and Estonia totaled LTL 15.5 m in December
2004 and exceeded by 62.4% the turnover of December 2003.

During the year of 2004 the turnover of the network of the Apranga group totaled
LTL 136.6 m generating an increase of 44.2% or LTL 41.9 m as compared to that of
2003. The turnover of the network of Apranga group in
foreign markets made up LTL 34.8 m and exceeded the level of 2003 by a factor of
4.4.

The turnover in foreign markets on target for 2005 amounts to LTL 70 m. In 2004,
Apranga opened 12 new stores and invested in them about LTL 25 m. Presently,
Apranga is operating a network of 40 stores, including 30 in Lithuania, 9 in
Latvia and 1 in Estonia. The leader of Lithuanian clothing market is
consistently developing the store chains of 5 different types: ZARA; the family
stores Apranga; the youth stores Aprangos Galerija and Mango; the stores opened
for business people City; and the exclusive stores of luxury goods Hugo Boss,
Emporio Armani, MaxMara, GF Ferre, La Perla and Mados Linija.

In 2005, the sales turnover of the Apranga group according to the plans approved
by the Board of the company must amount to over LTL 200.0 m and pre-tax profit
must reach at least LTL 11.0 m. The plans are made to open or reconstruct 10
stores. The shares of the joint stock trading company Apranga are listed on the
Vilnius Stock Exchange. The Apranga APB belongs to the concern MG Baltic.


Saulius Bacauskas
Finance & Economy Director
(+370 5) 239 08 43

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