Stockmann Group's revenue in May 2012

Stockmann Oyj Abp 

11.06.2012 12:15

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Helsinki, Finland, 2012-06-11 12:15 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.6.2012 at 13:15 EET 

The Stockmann Group's revenue in May increased by 3.8 per cent and was EUR
164.7 million. Sales were affected by a negative calendar effect with, for
example, two sales days less than in 2011 in most of Finland and three sales
days less in Norway. 

The Department Store Division's revenue was in par with the previous year.
Revenue was down 1.6 per cent in Finland and up 5.7 per cent in international
operations. The euro-denominated revenue of Russian operations, including
clearly decreasing revenue of Bestseller-chain, which will gradually be closed
down by the end of 2012, increased by 5.2 per cent. 

Lindex's revenue was up 9.3 per cent; up 8.4 per cent in Finland and up 9.5 per
cent in international operations. Revenue grew modestly in the main markets.
Strong growth continued in new markets of Russia and the eastern Central
Europe. 

Seppälä's revenue was up 3.1 per cent; up 6.6 per cent in Finland and down 3.4
per cent in international operations. Revenue grew clearly in the Baltic
countries but was weaker in Russia. 

Revenue (exclusive of VAT) in May

                                                5/2012  Change  1-5/2012  Change
                                                   EUR       %       EUR       %
                                                 mill.             mill.        
Department Store Division, Finland                63.7    -1.6     346.2     3.1
Department Store Division, international          25.5     5.7     169.1    19.3
 operations                                                                     
Department Store Division, total                  89.2     0.4     515.3     7.9
Lindex, Finland                                    7.1     8.4      28.3    11.6
Lindex, international operations                  54.9     9.5     222.6     7.5
Lindex, total                                     62.0     9.3     250.9     8.0
Seppälä, Finland                                   9.0     6.6      35.8     8.7
Seppälä, international operations                  4.4    -3.4      20.2     8.3
Seppälä, total                                    13.5     3.1      56.0     8.6
Other operations                                   0.1               0.2        
Operations in Finland, total                      79.9     0.1     410.5     4.1
International operations, total                   84.8     7.5     411.9    12.1
Stockmann total                                  164.7     3.8     822.5     8.0

Change-%: change compared with the corresponding period of the previous year.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351

www.stockmanngroup.fi


STOCKMANN plc

Hannu Penttilä
CEO

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NASDAQ OMX
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News Source: NASDAQ OMX



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Language:     English
Company:      Stockmann Oyj Abp
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009000251
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End of Announcement                             DGAP News-Service
 
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