Yahoo Finance Turnover of Apranga Group in November 2022
The retail turnover (including VAT) of the Apranga Group amounted to EUR 27.9 million in November 2022 and has increased by 28.7% in comparison to November 2021.
Last year in October the Republic of Latvia introduced restrictions related to spreading coronavirus: the operation of stores in shopping malls on weekends were banned in Latvia from 14 October 2021, and later all Group’s stores in Latvia were temporarily closed from 21 October 2021 until 15 November. All Group’s stores have been reopened in Latvia from 15 November 2021, however, stores operating in shopping malls were not allowed to work on weekends, unless they have separate entrance from outside. These restrictions had a significant impact on the generated turnover in Latvia in October-November 2021.
In November 2022, the retail turnover of the Group in Lithuania increased by 13.8%, in Latvia surged by 106.0% and in Estonia grew by 20.9% year-to-year.
Due to epidemic coronavirus (COVID-19) infection, from 16 December 2020, all the Group’s stores in Lithuania were temporarily closed. Stores with a separate entrance from the outside and sales area not exceeding 300 square meters were open from 15 February 2021. Stores with a separate entrance from the outside and a sales area exceeding 300 square meters were open from 15 March 2021. All Group’s stores have been reopened in Lithuania from 19 April 2021, however, stores operating in shopping malls were not allowed to work on weekends, unless they had separate entrance from outside. Eventually, all Group’s stores had been open in Lithuania as of 29 May 2021. In Latvia, stores were temporarily closed from 19 December 2020. Group‘s stores that operate in shopping malls and have separate entrance from outside had been reopened in Latvia as of 22 May 2021. Eventually, all Group’s stores had been open in Latvia as of 3 June 2021. In Estonia, all Group’s stores were temporarily closed from 11 March 2021 until 3 May 2021. These temporary closures had a significant impact on the Group's generated turnover in January-May 2021.
The retail turnover (including VAT) of Apranga Group reached EUR 265.1 million in January through November 2022 and was by 30.7% higher than in 2021 and by 19.2% higher than in 2019.
In January-November 2022, the retail turnover of Apranga Group in Lithuania and Estonia increased by 24.2% year-to-year, while in Latvia surged by 56.5%.
Currently Apranga Group operates the chain of 168 stores (100 in Lithuania, 44 in Latvia and 24 in Estonia) covering the gross area of 90.6 thousand sq. m., or by 2.5% less than a year ago.
Rimantas Perveneckas
„Apranga“ Group General Manager
+370 5 2390801
