GIVEN Jewellery AS has published its unaudited quarterly report
In 12m 2022 GIVEN Group has managed to expand its retail chain by 20 shops, reaching total of 64 shops in the Baltic States. In FY 2022 the Group’s retail revenue reached € 15.1M, which is by 100% more than in FY 2021. The Group’s gross margin also improved, growing to 58% in 12m 2022 compared to 54% in 12m 2021. The Group’s EBITDA and EBITDA margin for 12m 2022 was € 2.2M and 17% respectively.
While the macroeconomic and geopolitical environment remains uncertain, with a strengthening market position and a long-term vision GIVEN is confident in its ability to adapt to the market conditions while driving its strategic priorities and to be the leading jewellery retail chain in the Baltic States.
In 2023 the Group plans to continue expanding its retail chain in the Baltic States, strengthening its market position, promoting its brand awareness, developing its online shops, surprise its customers with new products and launching new ESG initiatives.
About GIVEN Group
GIVEN is a jewellery brand that stands for joy, beauty, love, creativity, and sustainability by expressing this in its jewellery – through design, unique collections of brands, and carefully considered details, making the valuable accessible.
AS GIVEN Jewellery is the parent company of GIVEN Group in the Baltics. As of December 31, 2022 GIVEN Group operates 64 shops in the Baltics and is the largest jewellery retail chain in the region. Also, the Group has three online shops – www.given.lv, www.given.ee and www.given.lt.
GIVEN offers jewellery for women, men, and children to bring joyful accents to everyday life and to highlight the most important moments in life, as well as interest-free instalment payments, gold exchange, and other services. Read more www.given.lv.
The AS GIVEN Jewellery unaudited financial report for Q4 2022 is attached to the announcement and is also published on NASDAQ Riga and GIVEN’s web page: https://givenjewellery.com.