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International Internet Magazine. Baltic States news & analytics Tuesday, 23.07.2019, 06:33

Apranga raises 2017 turnover by 4%

BC, Vilnius, 04.01.2018.Print version
Apranga, the largest Baltic clothing retailer controlled by MG Baltic concern, posted 222.9 million euros (including VAT) in turnover in 2017, which is an increase by 4% year-on-year, informs LETA/BNS.

The group's turnover in Lithuania went up by 3.1% to 130.6 million euros, growing 3.4% to 52.8 million euros in Latvia and 8.4% to 39.4 million euros in Estonia, the company said via the Nasdaq Vilnius stock exchange on Wednesday.


In December alone, the group's turnover increased by 7.7% to 21.9 million euros, which the company listed as a record-size monthly turnover in its history.


Apranga has announced plans of reaching turnover of 231 million euros (including VAT) this year, which would be a rise by 3.6% from 2017.


Some 60.26% of Apranga's shares was owned by MG Baltic Investment, a holding of the MG Baltic concern operated by Darius Mockus, in late September of 2017.

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