APRANGA Group preliminary profit for the period from
January through November 2006
The preliminary not audited profit before taxes of the Apranga
Group, the leader of the clothing retailers apparel in Baltic
States, for the period from January through November 2006 totaled
LTL 20.4 million (EUR 5.9 million), or 85% more than during
corresponding period of 2005 (LTL 11.0 million (EUR 3.2 million)).
Results of the first 11 months of year 2006 suggest that Apranga
Group will exceed updated forecasts of retail turnover and profit
for the year 2006, according to which Apranga Group expected to
reach a retail turnover of at least LTL 290.0 million (EUR 84.0
million) and profit before taxes of at least LTL 20.0 million
(EUR 5.8 million).
Last week Apranga Group has opened eighteenth new or completely
restructured store this year. It is conceptually new outlet of
luxury clothes "Išparduotuvė A" in Vilnius.
Apranga Group is planning to maintain a high pace of growth and
intensive expansion.
The turnover of retail chain of Apranga Group will reach at least
LTL 415 million (EUR 120.2 million) in 2007 increasing by 40% as
compared to results of 2006. Apranga Group plans to earn at least
LTL 31 million (EUR 9 million) profit before taxes in 2007, or 50%
more in comparison with expected result of 2006.
The biggest growth of retail chain is planned for the year 2007 -
at least 20 new or restructured stores will be opened with the
total area of 13.5 thousands sq. m. and total investments amounting
to LTL 25.0 million (EUR 7.2 million).
The Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
