The Apranga group improves its quarterly performance

Apranga Group, the largest retail clothing retailer in the Baltic countries, presented its performance results in the last quarter, which they managed to improve. His shares on the Vilnius Stock Exchange are getting more and more expensive: Clothing 2.3 (0.44%) .

The group's income for the last quarter was 44.92 million. which was 7.3% higher compared to the same period a year ago. The turnover in the Lithuanian market during the mentioned period increased by more than 6%, in Latvia by 3.6%, and in Estonia it was the most important, namely: 10.6%

The Apranga group managed to earn $ 5.532 million in the second quarter of this year. EBITDA for euros and 3.377 million euros. net profit in euros. Compared with the same quarter of 2017, EBITDA earnings increased by 20.4% and net worth by 35.1%.

Overall, after the first half of this year, the Group's business turnover amounted to 83.237 million. EBITDA profit – 5.898 mln. Net profit rose to 2.144 million euros. euro Compared with the same period a year ago, the turnover grew by 3.1%, the EBITDA margin decreased by 30% and net of 49.8%.

The price of Apranga shares has fallen by 9.5% since the beginning of the year – about fifteen percent. By comparison, the OMX Vilnius index rose by 9.4% and 15.1% respectively.