Apranga Group expansion plans for 2007
The Board of Apranga Group, the leader of retail apparel market in
the Baltics, approved operational plans for 2007. The turnover of
retail chain of Apranga Group will reach at least LTL 415 million
(EUR 120 million) in 2007 increasing by 40% from expected turnover
of 2006. High turnover growth rates are expected in all three
Baltic States.
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.
There are plans to open and renovate at least 20 stores with the
total area of 13.5 sq. m. The 2007 will be the year of the fastest
expansion in company’s history.
Currently Apranga Group owns a chain of 65 stores: 47 in Lithuania,
15 in Latvia, and 3 in Estonia.
Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
