STOCKMANN GROUP'S REVENUE IN MARCH 2010

STOCKMANN plc Company Announcement 12.4.2010 at 18.00

STOCKMANN GROUP'S REVENUE IN MARCH 2010

In March, the Stockmann Group's revenue (exclusive of VAT) exclusive of Hobby Hall's discontinued operations abroad amounted to EUR 132.4 million, up 14.5 per cent. This was the fourth consecutive month since the beginning of the economic downturn when the Group's revenue exceeded that of the corresponding month a year earlier.

Since the beginning of 2010, Hobby Hall has been a part of the Department Store division. The Department Store Division's revenue includes Hobby Hall's figures, and the comparison figures have been changed respectively. The Department Store Division's revenue increased by 9.8 per cent. Revenue in Finland increased by 9.5 per cent. Development in the department stores in Finland was very strong (+16 per cent) but Hobby Hall's sales suffered clearly from the late spring, which postponed the sales of bicycles and gardening equipment. Department Store Division's revenue abroad increased by 10.8 per cent, thanks to the good growth of 20 per cent in Russia. Most of the month there was one department store more in Russia compared to the previous year. Sales in the Baltic market showed some recovery and were close to the previous year's level.

Lindex's revenue increased by 22.5 per cent; by 10.1 per cent in Finland and by 24.2 per cent abroad. Revenue increased in all markets but Latvia. Growth was particularly strong in the main market, Sweden. In addition to that, the strengthening of Swedish krona gives an extra boost to euro- denominated sales.

Seppälä's revenue increased by 18.9 per cent. It increased by 15.7 per cent in Finland and by 24.8 per cent abroad, thanks to a 40 per cent growth in the Russian market. For the first time since 2008, also the Baltic market showed a minor growth compared to the previous year.

Revenue (exclusive of VAT) in March

March January-March January- December

20102009 change20102009 change2009
EUREURperc.EUREURperc.EUR
mill.mill.10/09mill.mill.10/09mill.
Department Store58.253.19.5171.2167.32.3785.8
Division, Finland Department Store 18.9 17.0 10.8 54.8 53.0 3.5 235.8 Division, international operations Department Store 77.0 70.1 9.8 226.0 220.3 2.6 1 021.5 Division, total
Lindex, Finland4.84.410.113.412.38.665.8
Lindex,39.431.724.2102.386.318.5461.3
international operations
Lindex, total44.236.122.5115.798.617.3527.0
Seppälä, Finland7.06.015.719.819.04.294.3
Seppälä,4.23.424.811.19.912.245.2
international operations
Seppälä, total11.29.418.930.828.87.0139.5
Real estate +0.00.0-15.90.10.2-13.40.6
others Operations in 70.0 63.6 10.1 204.5 198.7 2.9 946.4 Finland, total International 62.4 52.1 19.9 168.2 149.1 12.8 742.2 operations, total Stockmann total, 132.4 115.6 14.5 372.7 347.9 7.1 1 688.6 continuing operations Discontinuing 0.0 1.7 -100.1 0.0 5.0 -100.1 9.9 operations: Hobby Hall, international operations Stockmann total 132.4 117.3 12.9 372.7 352.8 5.6 1 698.5

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION NASDAQ OMX Principal media





Back