STOCKMANN GROUP?S SALES IN JUNE 2004

STOCKMANN plc STOCK EXCHANGE RELEASE July 12, 2004, at 11.30

STOCKMANN GROUP’S SALES IN JUNE 2004

In June, the Stockmann Group’s sales were up 8.3 per cent and amounted to EUR 132.8 million. Sales by the Department Store Division were up 14 per cent. The growth was especially vigorous abroad where the growth was contributed by the department store opened in Riga, Latvia in 2003, the department store opened in Moscow’s Mega South shopping centre in April 2004, and the new Zara store opened in Moscow’s Marina Rocha shopping centre in mid-June. Sales by the Vehicle Division were up 7 per cent and those by Seppälä 5 per cent. Seppälä’s sales abroad grew strongly. Seppälä’s new stores are the five stores opened in the autumn 2003 and the spring 2004 in Latvia, the renovated and reopened store at Tallinn’s Viru Centre and the new store opened in Moscow’s Mega South shopping centre in April. Hobby Hall’s sales were down 9 per cent on the previous year. Distance retail in Finland grew. The division’s sales in Finland were, however, down on the previous year due to the closing down of four stores in the spring 2004. Hobby Hall’s sales abroad were down on the previous year mainly due to the tightened-up credit policy.

Sales figures in June and in January-June

JuneJanuaryJanuary-
-JuneDecember
20042003Ind.20042003Ind.2003
MeMe 38050MeMe 38050Me
Department Store Divis 51.7 48.3 107 334.2 314.2 106 706.7 ion, Finland* Department Store Divis 37999 38085 156 77.8 58.2 134 134.4 ion, international ope rations Department Store Divis 64.8 56.7 114 412.1 372.4 111 841.0 ion, total*
Vehicle Division44.341.4107244.3250.598480.4
Hobby Hall Division, F3820911.09885.890.295192.3
inland Hobby Hall Division, i 38108 38140 57 38216 38007 84 43.5 nternational operation s Hobby Hall Division, t 38058 38151 91 103.6 111.3 93 235.7 otal Seppälä Division, Finl 37996 37996 100 56.0 53.0 106 120.3 and Seppälä Division, inte 38018 0.7 173 37992 38233 156 10.0 rnational operations Seppälä Division, tota 38057 38209 105 62.1 56.8 109 130.3 l
Real estate + others0.10.11160.50.41040.9
Operations in Finland,117.0 110.9106720.8708.21021 500.6
total* International operatio 38183 38179 135 101.7 83.1 122 187.8 ns, total Stockmann total* 132.8 122.6 108 822.5 791.4 104 1 688.4

* The agency sales of newspaper and magazine subscriptions that were divested in May have been eliminated from the sales figures for 2003. These sales stand for EUR 10.2 million for the whole year 2003. The consolidated sales growth regardless of this elimination was 3 per cent.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





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