The total retail turnover of AS Grenardi Group in Q1 2025 amounted to EUR 6.61 million (including VAT) and was by 13% higher than in the same period of 2024 (GOLDLIGHT chain turnover for 2024 Q1 not included).

The retail turnover distribution in Q1 2025 was as follows: Latvia – 72%, Estonia – 16% and Lithuania - 12%. Retail turnover in stores accounted for 95% from total Grenardi Group retail turnover, while e-commerce contributed the remaining 5%.

During Q1 2025 Grenardi Group closed four stores – three GIVEN stores in Lithuania and one Grenardi store in Estonia. Additionally, the Group converted a store in the Molas shopping centre, Klaipėda, Lithuania, into an island-format store.

About Grenardi Group AS

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics, as well as GOLDLIGHT in Latvia. As of March 31, 2025, AS Grenardi Group operates a total of 88 stores – of which 72 GIVEN chain stores, 6 GRENARDI chain stores and 10 GOLDLIGHT chain stores. Additionally, the Group has six online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv, www.grenardi.ee and www.goldlight.lv.

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.

GRENARDI has been the leading luxury jewellery retail chain in Latvia and Estonia for more than 20 years. GRENARDI offers an extensive assortment of world-renowned luxury jewellery brands and sophisticated private collections.

GOLDLIGHT is a well-known jewellery retailer in Riga, Latvia offering its customers a wide assortment of gold, silver and diamond jewellery, as well as brands such as Nomination, Ti Sento, Mirco Visconti and others.

Dāvis Cēderštrēms
Deputy CFO
info@grenardi.group
Tel: +371 67 796 000