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Drabui Mamenini Trade Group Clothing for the first half of the year produced 2.144 million. Eur net profit was nearly two times lower than the corresponding period last year, when it stood at 4,272 million. Eur.
However, for the second quarter of the year, compared to the same period last year, net profit rose 35% to 3.37 million euros. By the way, Apparel.
Admittedly, earnings for the second quarter of the year were even lower than expected by badysts at SEB Bank, who thought Balandriel Clothing would cost $ 3.5 million. Eur net profit, according to Bloomberg news.
Group sales increased 3% in the first half to 83,237 million. Eur, while in the second quarter 7%, to 44,920 mln. Eur
Second quarter results were sold by SEB baditik in the second quarter, which is expected to reach 44.2 million in April. Eur. Sales
Clothing in its half year financial report indicates that in 2018, the results of the first half of the year were particularly impressive as the first quarter of the year due to incredible weather conditions was a lack of sales of the new season, thus reducing the overall indicators of profitability of sales.
In addition, from 2017 The beginnings of the season have changed the business model of the group and Inditex, the largest parner of the clothing group. The transition to the new model is the most popular in 2017. and in 2018 the first quarter financial results increased by 2017. The quarterly financial results for the quarter ended in 2018. First quarter financial results Year
Profit, taxes, rents and amortization (EBITDA) for the year 2018. For 6 months it amounts to 5.9 mln. Eur, and in the corresponding year 2017 8.4 mln. Eur. The profitability of EBITDA over the year rose from 10.4% to 7.1%
The Group's activities are frozen in 2018. For 6 months it was 32.5% million. Eur and compared to the corresponding figure for 2017. increased by 3.4%. It is said that the activity of subsidies has increased proportionally to sales.
In 2018, In the first half, the turnover of the Youth Network and Avalanche increased the most (respectively 9.2% and 8.0%). Over the two-year period, the Zara network grew the most (16.7% growth).
In 2018, the 6-month-old group opened three stores: the Orsay and Oysho stores in the Akropolis shopping center in Vilnius and the Akropolis Klaipeda shopping center in the Calvin Klein Underwear store. During the period under review, the group rebuilt three stores: the Apranga and City stores in the Panorama supermarket in Vilnius and the Apranga store in the Akropolis shopping center in Siauliai. Two stores in Latvia were also added
Placement and restructuring of the investment group in the mammal network in 2018. In the first half totaled 2.6 million. Eur.
The Apranga Group report indicates that in 2018, plans to reach 231 million Eur (VAT) turnover, 3.6% more than the turnover. effective in 2017.
By 2018, the group plans to open or rebuild 10-17 sellers. I will invest about 5-10 mln. Eur
Shares of clothes quoted at the office of Nasdaq Vilnius.
Comment by Rayti.
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