Apranga Group interim information for the 9 months of 2021
29 October 2021 - 12:00AM
Apranga Group interim information for the 9 months of 2021
The retail turnover (including VAT) of Apranga Group was EUR
158.2 million in 9 months 2021 or by 5.1% more than in 2020 and by
9.8% less than in 2019.
Due to epidemic coronavirus (COVID-19) infection, from 16
December 2020, all the Group’s stores in Lithuania were temporarily
closed. Stores in Lithuania with a separate entrance from outside
and a sales area not exceeding 300 square meters had been open
since 15 February 2021. All stores with a separate entrance from
outside had been open since 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 have been open in Lithuania as of 29 May 2021. In
Latvia, stores were temporarily closed from 19 December 2020.
Stores with a separate entrance from outside and an area not
exceeding 7,000 square meters have been open in Latvia from 7 April
2021. Group‘s stores that operate in shopping malls and have
separate entrance from outside were reopened as of 22 May 2021.
Eventually, all Group’s stores have been open in Latvia as of 3
June 2021. In Estonia, all Group’s stores were temporarily closed
from 11 March 2021, and from 6 March 2021 to 11 March 2021 stores
were not allowed to work on weekends. All Group‘s stores have been
reopened in Estonia from 3 May 2021. These temporary store closures
had a significant impact on the Group's generated turnover, earned
profit and, accordingly, financial performance.
The unaudited consolidated profit before income tax of Apranga
Group amounted to EUR 8.2 million in the nine months of 2021. The
Group made profit before income tax of EUR 5.4 million and EUR 7.3
million in the same period of 2020 and 2019, respectively.
EBITDA of Apranga Group reached EUR 23.2 million in the nine
months 2021 and increased by 8.5% comparing to corresponding period
of 2020.
The unaudited interim consolidated financial statements and
consolidated interim report of Apranga Group for nine months of
2021, as well as managers’ confirmation letter are ready for
acquaintance in the attachment. The interim information is also
available at: http://aprangagroup.lt/en/investors.
Rimantas Perveneckas„Apranga“ Group General
Manager+370 5 2390801
- Confirmation 2021Q3 EN
- FA2021Q3 EN
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