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Vilnius Ozas mall targets 25 percent revenue growth next year

Ketvirtadienio vakarą vilniečiams ir miesto svečiams duris atvėrė naujas prekybos ir pramogų centras „Ozas“.
Irmanto Gelūno / 15min nuotr. / Ozas
Šaltinis: BNS
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Ozas, one of the biggest shopping centers in Lithuania, is targeting a 25-percent growth in the mall's revenue next year.

"We expect that growth will remain at 25 percent. Expectations are improving and the economy is recovering," Ozas Director Inga Navickaitė said at a news conference on Thursday.

Ozas does not disclose exact sales figures.

Navickaitė said that combined revenues of all shops in the Vilnius mall last year increased by 30 percent, with food product stores recording the highest growth rates.

"Prisma and other stores posted growth of 50 percent," she said.

Ozas estimates that 20 percent of its visitors come from Lithuanian regions outside the capital, and another 10 percent from abroad, mostly from Belarus, as well as Latvia and Russia.

"Belarusians come for shopping. We don't think this is going to change in the next two years, because there is a shortage of shopping centers in Belarus," the director said.

Opened in 2009, Ozas now houses nearly 180 stores. Lithuania's Icor and seven private individuals sold the mall's shares in late 2009 to Germany's Arosa Vermögensverwaltungsgesellschaft, which became the sole shareholder of Ozantis, the owner of Ozas. The mall is operated by ECE Projektmanagement Vilnius,

In 2010, Ozantis managed to trim its net losses to 23.639 million litas (EUR 6.85m), as revenues almost trebled, compared with 2009, to 34.891 million litas.

BNS
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