Last update: 30.11.2022 12:05 (GMT+2)

APG: The expansion of Apranga Group in 2006

22.12.2005, Apranga, VLN
APRANGA APB	STOCK EXCHANGE RELEASE	22.12.2005

The expansion of Apranga Group in 2006

The Management Board of Apranga APB has approved the budget and development
plans of Apranga Group for 2006.
In 2006 Apranga Group will maintain high growth rates of turnover, and will
ensure the highest development speed in the company history.
In 2006 Apranga Group is planning to reach the turnover of at least
LTL 270 million (EUR 78.2 million), or by 35% more than forecasted turnover
in 2005. The profit for 2006 is planned to be at least LTL 14 million
(EUR 4 million).
Apranga Group is planning to open more than 20 new stores in 2006.
The investments will exceed LTL 26 million (EUR 7.5 million).
In 2006 Apranga Group is planning to open two “Hugo Boss”, “Ermenegildo Zegna”,
two “Zara”, two “Mados linija”, three “Mexx”, three “Bershka”,
two “Pull and Bear”, “Emporio Armani”, “Mango”, and several “Apranga”,
“Moskito”, “City” stores.
The especially aggressive expansion of Apranga Group is planned in Lithuania.
Apranga Group is planning to increase the turnover in Lithuania almost by 50%.
Therefore, customers will get a lot of novelties, and the competitive
environment will reach a new quality level.

Rimantas Perveneckas
General Manager
(8-5) 2390 801

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