AI assistant
Apranga Group — Earnings Release 2012
Oct 10, 2012
2248_rns_2012-10-10_4c4dd71b-d690-43d2-958a-84d9e379a33e.html
Earnings Release
Open in viewerOpens in your device viewer
Revised turnover and expansion plans of Apranga Group in 2012
Revised turnover and expansion plans of Apranga Group in 2012
Vilnius, Lithuania, 2012-10-10 15:00 CEST (GLOBE NEWSWIRE) -- Given the better
than expected sales results in the first nine months of 2012, also taking into
consideration the realization of planned and additional stores opening and
reconstruction projects, Apranga Group increases the year 2012 forecast of
retail chain turnover by LTL 58.2 million (EUR 16.9 million) from LTL 461.8
million (EUR 133.7 million) to LTL 520.0 million (EUR 150.6 million).
Apranga Group plans that investments into development and renovation of the
chain will amount to LTL 18-20 million in 2012. The Group will open 17 new
stores during 2012, and 9 stores will be totally reconstructed.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock
Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801