Shopping centres controlled by Akropolis Group had over 44 million visitors last year, the tenants’ turnover reached almost EUR 1.2 billion, over 100 new and revamped shops opened, leading to growth of the Group’s revenue
09 Abril 2024 - 10:55AM
Shopping centres controlled by Akropolis Group had over 44 million
visitors last year, the tenants’ turnover reached almost EUR 1.2
billion, over 100 new and revamped shops opened, leading to growth
of the Group’s revenue
Five shopping and entertainment centres
controlled by Akropolis Group in Lithuania and Latvia had over 44
million visitors in 2023, which is 7% more than in 2022. Bigger
visitor footfall contributed to the growth of shopping centres
tenants’ turnover, which was almost EUR 1.2 billion last year – 7%
more than in 2022 (EUR 1.1 billion).
“2023 was the first year when the shopping
centres were no longer subject to any COVID-19 related
restrictions, which had a positive effect on the performance:
Akropolis shopping and entertainment had more visitors and the
tenants saw the growth in their business volumes. In the five
shopping centres controlled by Akropolis Group, we welcomed more
than 44 million visitors last year and the tenants’ turnover
reached almost EUR 1.2 billion. The results were positively
influenced by renovation of the shopping centres, opening of new
brands’ and revamped shops, the number of which was more than 100
last year, as well as the widening of services and entertainment
offer based on the visitors’ preferences,” comments Nerijus
Maknevičius, the CEO and the Chairman of the Board of Akropolis
Group.
The consolidated rental income of the Group
increased by 12% in 2023 reaching EUR 84 million (in 2022, EUR 75.1
million), and its earnings before interest, tax, depreciation and
amortisation (EBITDA) amounted to EUR 83.1 million – 16% more than
in 2022 (EUR 71.9 million). The occupancy rates of the shopping and
entertainment centres Akropolis remained high in 2023, with only
2.6% vacancy.
Investments into renovation
In 2023, a major renovation and modernization of
the interior of Akropolis Klaipėda was launched. EUR 8 million will
be invested in total into more than 10,000 square meters of common
spaces. The shopping and entertainment centre in the port city is
undergoing the renovation of the interior of common spaces,
lighting solutions, sanitary facilities, new rest zones and free
children’s play areas will also be installed.
“Vilnius Akropolis is also embracing changes -
new construction of a one-storey commercial building next to it has
been launched after obtaining a document permitting construction at
the end of last year. The new building of 480 m2 will house
Sportland in its expanded version. Akropolis Group will invest
about EUR 1 million into the construction of the building,” says N.
Maknevičius.
All shopping and entertainment centres
controlled by Akropolis Group constantly strive to ensure the
widest choice of relevant brands, points of service and
entertainment, so in 2023, 101 new or revamped shops were opened:
29 shops in Vilnius Akropolis (12 in 2022), 20 shops in Klaipėda
Akropolis (5 in 2022), 12 shops in Šiauliai Akropolis (4 in 2022),
12 shops in Akropole Riga (6 in 2022), 28 shops in Akropole Alfa
(18 in 2022).
In 2023, Akropolis Group paid a lot of attention
to the development of the future multifunctional cultural,
entertainment, business and shopping quarter in Vilnius – the
Akropolis Vingis project. At the beginning of last year, the public
was presented with the design proposals for improvement of the
transport infrastructure planned nearby Akropolis Vingis, in
November updated design proposals of the multifunctional complex
were also presented to the public and then approved by the Vilnius
City Municipality. Documents that are necessary for obtaining a
document permitting construction are being currently finalised and
submitted to the municipality.
Focus on sustainability and
environmental protection
The international credit rating agencies S&P
Global Ratings and Fitch Ratings in, respectively, June and July
2023 reconfirmed the long-term borrowing ratings of Akropolis Group
as BB+ with a stable outlook. Akropolis Group was first rated in
2021 prior to the placement of its EUR 300 million 5-year bond
issue. The bonds of Akropolis Group are listed on Nasdaq Vilnius
and Euronext Dublin stock exchanges.
“In 2023, we also obtained ISO environmental
(ISO 14001) and occupational safety and health (ISO 45001)
certificates for activities of a holding company – for real estate
development, management and lease. These ISO certifications confirm
Akropolis Group’s compliance with rigorous quality control and
management, environmental, sustainability, and safe working
environment standards,” the CEO of Akropolis Group says.
The international BREEAM In-Use building
sustainability certificate, rated at the “Very Good” level, awarded
to Akropole Alfa shopping and entertainment centre in Riga in 2023,
is to be considered an equally significant achievement in the area
of sustainability. This recognition landmarks the achievement of
one of the major sustainability goals of Akropolis Group – all five
Akropolis controlled by the Group in Lithuania and Latvia now meet
sustainability standards for buildings. It is sought that by 2026
all shopping centres controlled by the Group would be certified at
“Very good” level according to BREEAM standard.
Vilniaus prekyba, as the sole shareholder of
Akropolis Group, approved the consolidated financial statements of
2023 and a draft of profit distribution of Akropolis Group,
according to which, with regard to the dividend payment policy of
the company, EUR 70 million were allocated towards payment of
dividend to Vilniaus prekyba.
Full consolidated financial report of Akropolis
Group for 2023 is available on the website of the company.
For more information:Dominykas Mertinas Head of
Marketing and Communications AKROPOLIS GROUP, UAB +370 64027001
dominykas.mertinas@akropolis.lt
- Akropolis_Group_Consolidated_Annual_Report_2023
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