Retail turnover, including value-added tax (VAT), increased 8.8 per cent year on year (YoY) to €108.5 million (~$121.10 million, as per conversion rate of $1 = €0.8959 as on October 30, 2026) in Q3 ended September 30, 2026, compared with €99.7 million (~$111.28 million) a year earlier.
APB Apranga’s Q3 retail turnover rose 8.8 per cent YoY to €108.5 million (~$121 million), led by 10.8 per cent growth in Lithuania and gains in Latvia and Estonia.
Nine-month net sales increased 9.1 per cent to €241.5 million, while net profit climbed 28.7 per cent to €15.5 million (~$17.30 million).
Online turnover grew 11.9 per cent; the group ended September with 174 stores.
Lithuania leads third-quarter growth
Lithuania generated third-quarter retail turnover of €65.4 million (~$73.00 million), up 10.8 per cent YoY. Turnover in Latvia rose 6.8 per cent to €27.8 million (~$31.03 million), while Estonia increased 4.5 per cent to €15.2 million (~$16.97 million), Apranga Group said in a press release.
Nine-month earnings and margins improve
For the nine months ended September 30, 2026, group net sales rose 9.1 per cent YoY to €241.5 million (~$269.55 million). Gross profit increased 10 per cent to €108.6 million (~$121.21 million), lifting gross margin to 44.9 per cent from 44.6 per cent. Operating profit grew 26.8 per cent to €20.5 million (~$22.88 million), while profit before income tax climbed 29.5 per cent to €19.2 million (~$21.43 million).
Net profit for the nine-month period rose 28.7 per cent to €15.5 million (~$17.30 million), with the net profit margin improving to 6.4 per cent from 5.5 per cent. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 13.7 per cent to €36.5 million (~$40.74 million), and the EBITDA margin expanded to 15.1 per cent from 14.5 per cent. Basic and diluted earnings per share increased to €0.28 (~$0.31) from €0.22 (~$0.25).
Online turnover, including VAT, advanced 11.9 per cent to €38.4 million (~$42.86 million) over the first nine months and accounted for 13.2 per cent of total turnover, compared with 12.9 per cent a year earlier. Total retail turnover including VAT rose 9.4 per cent to €290.8 million (~$324.58 million).
Store network investment continues
Apranga opened six stores, renovated five stores and closed three stores during the nine-month period, taking its network to 174 stores at the end of September. Net capital expenditure for retail chain expansion, renovation and modernisation amounted to €5.4 million (~$6.03 million).
The group maintained its 2026 plan to reach retail turnover, including VAT, of €399 million (~$445.35 million), representing growth of 7.3 per cent from 2025. It also plans to renovate or open 11 stores during the year, with net investment projected at about €6 million (~$6.70 million).
Fibre2Fashion News Desk (SG)
