Apranga Group Reports Turnover Results for the Month of December 2018 and for the Fourth Quarter of 2018; Provides Turnover Guidance for 2019; Plans to Renovate or Open 35-40 Stores
The retail turnover (including VAT) of Apranga Group totaled EUR 65.1 million in fourth quarter 2018 or by 2.5% more than in 2017. During the fourth quarter 2018 the retail turnover of Apranga Group in Lithuania increased by 4.9% year-on-year, in Latvia decreased by 1.1% and in Estonia decreased by 1.0%.
The unaudited year 2018 retail turnover (including VAT) of Apranga Group reached EUR 226.6 million and has increased by 1.7% comparing to 2017.
Apranga Group plans to reach EUR 242.6 million turnover (including VAT) in 2019, or by 7.0% more than actual the year 2018 turnover.
In 2019 Apranga Group plans to renovate or open 35-40 stores. The net investment is planned to be about EUR 12-15 million.