STOCKMANN GROUP'S REVENUE IN FEBRUARY 2011

Helsinki, Finland, 2011-03-11 08:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 11.3.2011 at 9:00 EET

The Stockmann Group’s revenue in February increased by 8.6 per cent and was EUR 125.1 million.

The Department Store Division’s revenue increased by 11.5 per cent; up 4.4 per cent in Finland and up 37.9 per cent abroad. Revenue increased in all markets. In Russia, the euro-denominated revenue increased by 53.9 per cent particularly due to sales in the new department store in St Petersburg. The department stores in the Baltic countries continued to show a positive sales trend.

Lindex’s euro-denominated revenue increased by 6.5 per cent. Revenue in Finland was down 3.4 per cent and up 7.8 per cent abroad. The strongest growth was again seen in the new markets in Russia, the Czech Republic, and Slovakia.

Seppälä’s revenue was down 8.0 per cent; down 6.8 per cent in Finland and down 10.1 per cent abroad. First spring collection deliveries to the Russian market were delayed.

 
Revenue (exclusive of VAT) in February

  2/2011 Change 1-2/2011 Change
  EUR mill. % EUR mill. %
Department Store Division, Finland 59.8 4.4 119.2 5.4
Department Store Division, international operations 21.3 37.9 50.0 39.2
Department Store Division, total 81.1 11.5 169.2 13.5
Lindex, Finland 3.8 -3.4 8.4 -1.1
Lindex, international operations 32.3 7.8 67.6 7.4
Lindex, total 36.1 6.5 76.1 6.4
Seppälä, Finland 5.2 -6.8 11.2 -12.2
Seppälä, international operations 2.7 -10.1 6.1 -11.2
Seppälä, total 7.9 -8.0 17.3 -11.9
Other operations 0.0   0.1  
Operations in Finland, total 68.8 3.0 138.9 3.3
International operations, total 56.3 16.3 123.7 17.0
Stockmann total 125.1 8.6 262.6 9.3


Change-%: change compared with the corresponding period of the previous year.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351

www.stockmanngroup.fi


STOCKMANN plc

Hannu Penttilä
CEO

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