APRANGA Group results for the year 2006 exceeded the most
optimistic expectations
The turnover of the leader of the clothing retailers apparel in
Lithuania and Baltic States Apranga Group for December 2006,
despite of unusually warm weather, exceeded the most optimistic
forecasts and totaled to LTL 32.0 million (EUR 9.3 million), or
53.9% more than in December 2005.
The turnover of Apranga Group chain increased by 53.9% in Lithuania,
88.7% in Estonia, and 40.7% in Latvia for December 2006.
The preliminary not audited turnover of Apranga Group for the year
2006 totaled to LTL 299.3 million (EUR 86.7 million), or 49.1%
more than in year 2005. Results of year 2006 exceeded preliminary
and updated growth forecasts to a large extent. This is the highest
pace of growth during the last four-year stage of Apranga Group's
agressive expansion.
High pace of growth is a feature of all chains developed by
Apranga Group. The turnover of Apranga Group young fashion chain
increased by 67.1%, "Zara" chain - 63.1%, luxury chain - 45.1%,
business chain - 35.8%, and economic chain - 33.8%.
Apranga Group's results for year 2006 confirmed that the general
business strategy - to concentrate on brands growing in world
markets - was absolutely successful in Lithuania as well.
According to Rimantas Perveneckas, General Manager of Apranga Group,
year 2006 were fantastic for Apranga Group at least because of the
fact that market leader advanced by almost 50%.
Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
