Turnover of Apranga Group in October 2021

The retail turnover (including VAT) of the Apranga Group amounted to EUR 22.9 million in October 2021 and has increased by 0.4% in comparison to October 2020.

In accordance with the resolutions of the Government of the Republic of Latvia, the Republic of Latvia has introduced new restrictions due to the aggravation of the situation related to COVID-19. From 14 October 2021 stores that operate in shopping malls were not allowed to work on weekends, and from 21 October 2021 until 15 November - all Group’s stores in Latvia had to be temporarily closed. These temporary closures had a significant impact on the generated turnover in October 2021 in Latvia.

In October 2021, the retail turnover of the Group in Lithuania increased by 10.3%, in Latvia decreased by 26.9% and in Estonia increased by 8.9% year-to-year.

Due to epidemic coronavirus (COVID-19) infection, from 16 December 2020, all the Group’s stores in Lithuania were temporarily closed. Stores in Lithuania with a separate entrance from outside and a sales area not exceeding 300 square meters had been open since 15 February 2021. All stores with a separate entrance from outside had been open since 15 March 2021. All Group’s stores have been reopened in Lithuania from 19 April 2021, however, stores operating in shopping malls were not allowed to work on weekends, unless they had separate entrance from outside. Eventually, all Group’s stores have been open in Lithuania as of 29 May 2021. In Latvia, stores were temporarily closed from 19 December 2020. Stores with a separate entrance from outside and an area not exceeding 7,000 square meters have been open in Latvia from 7 April 2021. Group‘s stores that operate in shopping malls and have separate entrance from outside were reopened as of 22 May 2021. Eventually, all Group’s stores had been open in Latvia as of 3 June 2021. In Estonia, all Group’s stores were temporarily closed from 11 March 2021, and from 6 March 2021 to 11 March 2021 stores were not allowed to work on weekends. All Group‘s stores have been reopened in Estonia from 3 May 2021. All these temporary closures had a significant impact on the Group's generated turnover in 2021.

The retail turnover (including VAT) of Apranga Group reached EUR 181.1 million in January through October 2021 and increased by 4.5% year-on-year.

In January-October 2021, the retail turnover of Apranga Group in Lithuania increased by 13.2% year-to-year, in Latvia decreased by 15.5% and in Estonia increased by 4.9%.

Currently Apranga Group operates the chain of 171 stores (102 in Lithuania, 46 in Latvia and 23 in Estonia) covering the gross area of 92.9 thousand sq. m., or by 0.6% less than a year ago.

Rimantas Perveneckas

„Apranga“ Group General Manager