Bloomberg News

Apranga Retailer Sales Grew 28% in May, Plans to Revise Forecast

May 29, 2012

Sales at AB Apranga (APG1L), the biggest clothing retailer in the Baltic states, grew at least 28 percent in May from the same period last year, said Chief Executive Officer Rimantas Perveneckas.

Demand is driven by recovering consumer spending in the region and by “ideal weather conditions” for the clothing market this year, Perveneckas said in a meeting with investors in Vilnius today. The company also plans to revise its 2012 revenue forecast in the third quarter after sales grew more than estimated in the first quarter this year.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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