THE STOCKMANN GROUP'S SALES IN NOVEMBER 2004

STOCKMANN plc STOCK EXCHANGE RELEASE December 8, 2004, at 8.30

THE STOCKMANN GROUP'S SALES IN NOVEMBER 2004

In November, the Stockmann Group's sales amounted to EUR 152.3 million, up 2 per cent. Sales by the Department Store Division and Seppälä grew clearly whereas sales by the Vehicle Division and Hobby Hall were down on the previous year due to downsized operations in these divisions. Sales by the Department Store Division were up 10 per cent. The division's sales grew by 5 per cent in Finland and by 30 per cent abroad. The strong sales growth abroad is contributed by the new department store that was opened in Moscow in April, the new Zara store opened in the summer and the favourable sales trend in the department stores in the Baltic countries. Sales by Seppälä were up 14 per cent. Sales grew by 10 per cent in Finland and by 50 per cent abroad. The division's strong sales growth abroad is contributed by the favourable sales trend in Estonia and Latvia as well as the two stores opened in Russia. Sales by the Vehicle Division were down 9 per cent. The whole decrease was due to the transfer of the VW-Audi car dealership in Herttoniemi, Helsinki, to Kesko on July 1, 2004. The same- store sales by the Vehicle Division were up 12 per cent. Sales by Hobby Hall were down 8 per cent due to the closing down of three stores and the poor sales trend in Latvia and Lithuania.

Sales figures in November and in January-November

November January-November January- December

20042003Ind.20042003Ind.2003
MeMe 04/03MeMe04/03Me
Department Store62.859.8105650.0616.2105706.7
Division, Finland* Department Store 17.6 13.5 130 166.5 116.8 143 134.4 Division, international operations Department Store 80.3 73.3 110 816.5 733.0 111 841.0 Division, total*
Vehicle Division31.835.191406.1443.392480.4
Hobby Hall24.025.794163.3176.692192.3
Division, Finland Hobby Hall 4.4 5.1 86 32.4 41.1 79 43.5 Division, international operations Hobby Hall 28.4 30.8 92 195.7 217.7 90 235.7 Division, total Seppälä Division, 10.3 9.3 110 110.8 103.8 107 120.3 Finland Seppälä Division, 1.4 0.9 150 13.5 8.6 157 10.0 international operations Seppälä Division, 11.6 10.2 114 124.3 112.4 111 130.3 total Real estate + 0.1 0.1 0.8 0.8 0.9 others Operations in 128.9 130.0 99 1 331.1 1 340.7 99 1 500.6 Finland, total* International 23.3 19.6 119 212.4 166.5 128 187.8 operations, total Stockmann total* 152.3 149.6 102 1 543.5 1 507.2 102 1 688.4

* The agency sales of newspaper and magazine subscriptions that were divested in May have been eliminated from the sales figures for 2003. These sales stand for EUR 10.2 million for the whole year 2003. The consolidated sales growth regardless of this elimination was 2 per cent.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





Back