Lithunia's Apranga posts $256.7 mn sales in 9M 2025, profit up 4.9%

Regionally, Lithuania remained Apranga’s largest market, recording a 13 per cent increase in turnover to €48.9 million. Latvia followed with €21.5 million, up 8.8 per cent, while Estonia grew 4.7 per cent to €11.8 million. Compared with Q3 2023, total turnover expanded 18.8 per cent.

Operating expenses totalled €82.5 million, up 6.1 per cent, broadly in line with sales growth. Operating profit remained stable at €16.1 million, while profit before tax declined 2.5 per cent to €14.8 million. Net profit for the period stood at €12.1 million, slightly below last year’s €12.6 million, with a profit margin of 5.5 per cent, the group said in a press release.

EBITDA increased 2.9 per cent to €32.1 million, maintaining a 14.5 per cent margin, compared with 14.9 per cent a year earlier. Return on equity reached 23.8 per cent, while the net debt-to-equity ratio improved to –17.9 per cent.

Inventories declined 3.7 per cent year-on-year to €58.5 million, reflecting efficient stock management. The Group’s total workforce decreased slightly by seven employees to 2,241, while the company’s standalone headcount fell by 12 to 761.

Apranga’s share price rose 2 per cent during the period, from €2.93 to €2.99, trading within a range of €2.80–3.08, with a weighted average of €2.96. Market capitalisation grew from €162 million at the beginning of the year to €165 million by the end of September.

Despite softer consumer confidence across the Eurozone and the Baltics, Apranga upheld its leading position through a balanced brand portfolio, robust store operations, and a strengthened omnichannel model. During the same period, the group opened four new stores, renovated eight (including four enlargements), and closed four. Capital expenditure for expansion and modernisation amounted to €7.9 million, underscoring Apranga’s focus on technology-driven efficiency and customer experience, added the release.

By September 30, 2025, the group operated 171 stores across Lithuania, Latvia, and Estonia—up from 170 a year earlier and 164 in 2023—marking a 0.6 per cent annual and 4.3 per cent two-year increase. Lithuania accounted for 103 stores, followed by 44 in Latvia and 24 in Estonia.

ALCHEMPro News Desk (SG)