STOCKMANN GROUP'S REVENUE IN MARCH 2011

Helsinki, Finland, 2011-04-11 12:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 11.4.2011 at 13:00 EET

The Stockmann Group’s revenue in March increased by 9.5 per cent and was EUR 144.9 million.

The Department Store Division’s revenue increased by 13.2 per cent. In Finland revenue was up 6.1 per cent. Revenue increased abroad by 34.8 per cent, with a continued solid growth in the Baltic department stores and a 44 per cent growth in Russia, mostly due to the new department store in St Petersburg. A new department store was opened in Ekaterinburg in Russia on 30 March 2011.

Lindex’s euro-denominated revenue increased by 7.0 per cent; up 2.3 per cent in Finland and up 7.6 per cent abroad. Growth continued strongest in the new markets of the Czech Republic, Slovakia and Russia. Also the strong Swedish krona increased the euro-denominated revenue.

Seppälä’s revenue was down 5.3 per cent. The decrease was 5.6 per cent in Finland and 4.9 per cent abroad.

 
Revenue (exclusive of VAT) in March

  3/2011 Change 1-3/2011 Change
  EUR mill. % EUR mill. %
Department Store Division, Finland 61.6 6.1 180.8 5.6
Department Store Division, international operations 25.4 34.8 75.4 37.7
Department Store Division, total 87.1 13.2 256.2 13.4
Lindex, Finland 4.9 2.3 13.4 0.1
Lindex, international operations 42.3 7.6 109.9 7.5
Lindex, total 47.3 7.0 123.3 6.6
Seppälä, Finland 6.6 -5.6 17.8 -9.9
Seppälä, international operations 4.0 -4.9 10.1 -8.8
Seppälä, total 10.6 -5.3 27.9 -9.5
Other operations 0.0   0.1  
Operations in Finland, total 73.1 4.5 212.0 3.7
International operations, total 71.8 15.0 195.5 16.2
Stockmann total 144.9 9.5 407.5 9.4


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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