Aprangas grupė, the manager of the largest clothing retail network in the Baltic States, presented today its performance results for the first half of 2024. Discarding the first quarter data, it became clear that during the last quarter, revenues grew slightly more than profits.
The revenue of the clothing group in the second quarter of this year reached 73.953 million. euros, which is 8.1 percent more compared to the same period a year ago. Sales grew the most in Latvia (16.8 percent), in our country they rose by 6.5 percent, and in Estonia – by 2.5 percent.
Meanwhile, quarterly EBITDA profit increased by over three percent to 13.111 million. euros, and net profit – 2.9 percent to 6.481 million. euros.
In total, after the first half of this year, the income of this group reaches 135.157 million. euros, or 9.7 percent more than a year ago during the same period. EBITDA profit rose by 3.4 percent to 19.556 million. euros, and net profit – 1.1 percent to 7.533 million. euros.
Apparel shares are up about four percent this year and up 1.1 percent over the past one year. For comparison, the value of the OMX Vilnius GI index rose by about six percent and 1.3 percent, respectively.
