In May, the Stockmann Group's sales increased by 10 per cent and amounted to EUR 120.1 million. Good growth was recorded by all business units.

The largest percentage increase was reported by Hobby Hall, whose sales were up 14 per cent. Hobby Hall's sales in Finland were up 6 per cent and sales abroad up 54 per cent. Sales abroad increased significantly both in Estonia and Latvia, and sales were also boosted by good development in the new market area of Lithuania. The sales growth is partially attributable to transfer items from April, as the sales record date was brought forward due to the introduction of a new data system.

Sales of the Department Store Division were up 10 per cent. In Finland, sales were up 4 per cent, while sales abroad were up 27 per cent. The growth in international sales was contributed to by the good like-for-like development on all markets, the new department store opened in Moscow in February and the expansion of the Bestseller chain in Russia.

Seppälä's sales were up 10 per cent. In Finland, their sales were down one per cent and international sales were up 55 per cent. Sales abroad were up strongly both in terms of like-for-like sales and particularly due to the expansion of the store network in Russia. After mid-May, sales showed particularly strong growth in all market areas.

Sales figures in May

May January-May January- December

20072006 perc.20072006perc.2006
MeMe 07/06MeMe07/06Me
Department Store62.660.04.3327.8317.93.1832.2
Division, Finland Department Store 23.6 18.6 27.1 126.8 109.4 16.0 286.9 Division, international operations Department Store 86.2 78.6 9.7 454.6 427.3 6.4 1 119.0 Division, total
Hobby Hall, Finland14.413.66.169.470.9-2.2167.2
Hobby Hall,4.42.853.617.715.117.032.6
international operations
Hobby Hall, total18.816.414.387.186.11.2199.8
Seppälä, Finland11.011.1-0.944.145.8-3.7123.5
Seppälä, international4.12.655.416.912.139.334.6
Seppälä, total15.113.79.961.057.95.3158.1
Real estate + others0.10.1 -
Operations in Finland, 123.7
total* International 32.1 24.1 33.3 161.5 136.7 18.1 354.1 operations, total Stockmann total* 120.1 108.9 10.3 603.0 571.6 5.5 1 477.8

* The figures do not include the sales by the Stockmann Auto division that was divested at the beginning of March 2006. If the sales by Stockmann Auto in January-February 2006 are included in the comparison figures, the change of sales in per cent was:

January-May 2007 change perc.

Operations in Finland, total-13.4
Stockmann total-6.7


Hannu Penttilä CEO

DISTRIBUTION Helsinki Stock Exchange Principal media