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International Internet Magazine. Baltic States news & analytics Monday, 22.07.2019, 19:35

Apranga ups 9-months profits by 33%

BC, Tallinn, 30.10.2017.Print version
Apranga, the largest Baltic clothing retailer controlled by MG Baltic concern, posted a consolidated profit of 10.522 million euros in the first nine months of 2017, up by 32.9%, from 7.918 million euros, year-on-year, the company said via the Nasdaq Vilnius stock exchange, cites LETA/BNS.

The Apranga group's sales stood at 130.043 million euros in January through September, which indicates an increase by 5.3% from the same period of 2016. The chain's turnover grew by 4.9% to 75.861 million euros in Lithuania, by 3.3% to 30.672 million euros in Latvia and by 9.5% to 23.51 million euros in Estonia.


The group's EBITDA went up by 24.2% to 1 7.524 million euros in the first three quarters of 2017 year-on-year, while the EBITDA margin widened by 2.1% to 13.5%.


Apranga's investments stood at 5.4 million euros this year, including 1.4 million euros invested within the third quarter.

Apranga's shares are quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.

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