Lithuania's Apranga 9M sales rise on online growth and store expansion

Overview

• Lithuania fashion retailer's 9-month 2026 retail turnover rose 9.4% yr/yr to EUR 290.8 mln

• Pretax profit for 9 months 2026 increased to EUR 19.2 mln from EUR 14.8 mln

• EBITDA for 9 months 2026 rose to EUR 36.5 mln from EUR 32.1 mln

Outlook

• Apranga Group targets 2026 turnover including VAT of €399 mln, 7.3% above 2025

• Company plans to renovate or open 11 stores in 2026

Result Drivers

• GROSS-MARGIN EXPANSION – Gross profit grew faster than sales, lifting gross margin to 44.9% from 44.6%

• OPERATING-EXPENSE LEVERAGE – Operating expenses rose 6.8%, below 9.1% sales growth, helping operating profit increase 26.8%

• ONLINE AND STORE EXPANSION – Online turnover rose 11.9% to €38.4 mln; the group opened six stores and expanded selling area 1.1%

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)