STOCKMANN GROUP'S PRELIMINARY SALES IN D

STOCKMANN plc STOCK EXCHANGE RELEASE January 9, 2004, 10.30 a.m.

STOCKMANN GROUP'S PRELIMINARY SALES IN DECEMBER AND IN 2003

In December, the Stockmann Group's preliminary sales figures were up 8 per cent on the previous year and totalled EUR 181.4 million. In the last quarter, sales developed favourably in October and December, whereas November sales proved a disappointment. The growth in sales during the whole quarter was 6 per cent. In December, the best sales growth, 27 per cent, was reported by the Vehicle Division. Sales by the Department Store Division were up 6 per cent. The division's sales grew both in Finland and abroad. Thanks to the department store that was opened in Riga in October, the growth was stronger abroad. Sales by Hobby Hall were up 1 per cent and sales by Seppälä down 2 per cent on the previous year.

Preliminarily, the whole-year sales were up 7.4 per cent and totalled approximately EUR 1.7 billion. Of the sales growth about 1.5 percentage points were due to establishing new retail units.

The final sales figures will be published in the Group's Financial Statement Bulletin on February 12, 2004.

Sales figures in December and in January-December

December January-December January- December

20032002Ind.20032002Ind.2002
EUREUR 03/02EUREUR03/02EUR
mill.mill.mill.mill.mill.
Department Store108.1102.1106851.4811.1105811.1
Division
Vehicle Division37.129.3127480.4398.9120398.9
Hobby Hall18.117.8101235.7237.199237.1
Seppälä17.918.298130.4132.798132.7
Real Estate+others0.10.60.92.52.5
Stockmann total181.4168.11081 698.81 582.31071 582.3

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





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