Apranga (APG1L) Q1 2026 earnings summary

Executive summary

• Retail turnover (including VAT) reached EUR 80.7 million in Q1 2026, up 9.3% year-over-year, with growth in all Baltic countries.

• Online turnover rose 18.0% year-over-year, now accounting for 14.9% of total turnover.

• Net sales increased by 8.6% to EUR 68.3 million, and gross profit grew by 9.9% to EUR 27.9 million.

• EBITDA reached EUR 6.4 million, up 7.1% year-over-year, with a margin of 9.3%.

• Profit for the period was EUR 443 thousand, a 73% increase from Q1 2025.

Financial highlights

• Gross margin improved to 40.8% from 40.4% year-over-year.

• Operating profit rose 38.2% to EUR 1.0 million; profit before tax increased 73.5% to EUR 609 thousand.

• Operating expenses grew 9.1% to EUR 26.9 million, in line with sales growth.

• Inventory levels increased by 5.0% to EUR 55.3 million.

• Cash and cash equivalents at period end were EUR 15.6 million.

Outlook and guidance

• The Board proposed a dividend of EUR 0.27 per share, pending shareholder approval at the April 2026 meeting.