STOCKMANN GROUP'S SALES IN MAY 2004

STOCKMANN plc STOCK EXCHANGE RELEASE June 11, 2004, at 12.00

STOCKMANN GROUP'S SALES IN MAY 2004

In May, the Stockmann Group's sales were down 4 per cent and amounted EUR 139.9 million. A good growth was reported by the Department Store Division and Seppälä; the sales of both divisions were up 5 per cent. Sales of the Vehicle Division and Hobby Hall, in turn, were clearly down on the previous year - the Vehicle Division's sales were down 11 per cent and Hobby Hall's sales 21 per cent.

Sales of the Department Store Division were down 1 per cent in Finland who had one business day less than last year. Seppälä's sales in Finland were on a par with the previous year. The Department Store Division's sales abroad were up 38 per cent and Seppälä's sales abroad up 89 per cent. The Department Store Division's sales abroad were contributed by the Riga department store opened in October, as well as the new department store opened in Moscow in April. Seppälä's sales abroad were contributed by the five stores opened in Riga, Latvia, in autumn 2003 and in spring 2004, as well as by the store opened in Moscow in April. The main reason for the decrease of the Vehicle Division's sales was diminishing of the total market and especially the trading car sales. The decrease in Hobby Hall's sales figures is due to the discontinuing of four stores last autumn, as well as the timing of mail order catalogues which differed from the previous year.

Sales figures in May and in January-May

May January-May January- December

20042003Ind.20042003Ind.2003
MeMe 04/03MeMe04/03Me
Department Store54.655.099282.5265.9106706.7
Division, Finland* Department Store 14.0 10.1 138 64.7 49.8 130 134.4 Division, international operations Department Store 68.6 65.1 105 347.3 315.7 110 841.0 Division, total*
Vehicle Division41.346.489200.0209.196480.4
Hobby Hall14.818.77974.979.195192.3
Division, Finland Hobby Hall 3.0 4.0 75 16.3 18.5 88 43.5 Division, international operations Hobby Hall 17.9 22.7 79 91.3 97.7 93 235.7 Division, total Seppälä Division, 10.8 10.8 100 45.9 42.8 107 120.3 Finland Seppälä Division, 1.2 0.6 189 4.9 3.2 153 10.0 international operations Seppälä Division, 12.0 11.4 105 50.8 46.0 110 130.3 total Real estate + 0.1 0.1 0.4 0.4 0.9 others Operations in 121.6 130.9 93 603.7 597.3 101 1 500.6 Finland, total* International 18.2 14.8 123 86.0 71.5 120 187.8 operations, total Stockmann total* 139.9 145.7 96 689.7 668.8 103 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. As for January-May 2003, these sales stand for EUR 0.3 million, and as for the whole year 2003, for EUR 10.2 million. The consolidated sales growth regardless of this elimination was 2 per cent.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





Back