APG1L Q1 2010 Update and Comment, Target Price 06/08/10

Contents:
- THE SHARE PRICE REMAINS UNDERESTIMATED;
- Q1 2010 NET LOSS WAS REDUCED TO 0.65 MILLION LTL;
- RETAIL TURNOVER IN MAY 2010 DECREASED 6.3%;
- DISTRIBUTION CONTRACT WITH PROMOD;
- “HUGO BOSS” IN ESTONIA;
- LONG-TERM GROWTH POSSIBILITIES REMAIN WEAK;
- BBA INVESTMENT RATING
10 pages

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Apranga

Apranga APB, together with its subsidiaries, engages in the apparel retail business. It operates stores under various names, including Apranga stores that offer clothes for the family; Aprangos Galerija and Moskito stores, which provide youth clothes; City stores that offer clothes primarily to businessmen; and ZARA franchise stores. The company also operates franchise stores, such as Mango, Miss Sixty/Energie, Mexx, Bershka, Pull and Bear, Stradivarius, and s.Oliver store chain. In addition, Apranga APB retails luxury clothes, footwear, and accessories. As of August, 3, 2009, it operated a chain of 118 stores in the Baltic States, including 78 in Lithuania, 31 in Latvia, and 9 in Estonia. The company was founded in 1993 and is based in Vilnius, Lithuania. Apranga APB is a subsidiary of UAB MG Baltic investment.



3 months
6 months
9 months
12 months
Annual report
2009
2008

Latest Research Reports
Latest News
BBA Expects Apranga (APG1L) To Report Profit By The End Of 2010
Apranga Group’s revenue in Q1 2010 totaled 63 million LTL which is a 23% decrease compared to Q1 2009.
BBA: Apranga`s Long-Term Growth Possibilities Are Weak
The revenues of the Company dropped significantly in 2009.
APRANGA: REASONABLE DECREASE IN REVENUE
The retail turnover of Apranga was LTL 187.6 million in the six months of 2009, and has decreased by 19.7% comparing to corresponding period of 2008
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