STOCKMANN GROUP'S REVENUE IN APRIL 2011

Helsinki, Finland, 2011-05-10 08:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 10.5.2011 at 9:00 EET

The Stockmann Group’s revenue in April increased by 13.3 per cent and was EUR 195.4 million.

The Department Store Division’s revenue increased by 13.8 per cent. Revenue was up 2.9 per cent in Finland and 47.2 abroad where good development continued both in Russia and the Baltic countries. The Crazy Days campaign reached new sales records in all markets. The St Petersburg department store, where the campaign was held for the first time, contributed in particular to the growth. The new department store in Ekaterinburg operated for the first full month.

Lindex’s euro-denominated revenue increased by 16.7 per cent; up 9.2 per cent in Finland and 17.7 per cent abroad. The revenue growth was strong in all market areas due to improved market development and the successful launch of the Styled by Rachel Zoe collection.

Seppälä’s revenue was down 5.2 per cent. The decrease was 8.9 per cent in Finland but the sales improved towards the end of the month. In international operations revenue turned into growth and was up 1.6 per cent in total.


Revenue (exclusive of VAT) in April

  4/2011 Change 1-4/2011 Change
  EUR mill. % EUR mill. %
Department Store Division, Finland 90.4 2.9 271.1 4.7
Department Store Division, international operations 42.1 47.2 117.6 40.9
Department Store Division, total 132.5 13.8 388.7 13.5
Lindex, Finland 5.4 9.2 18.8 2.6
Lindex, international operations 46.9 17.7 156.9 10.3
Lindex, total 52.3 16.7 175.6 9.4
Seppälä, Finland 6.6 -8.9 24.4 -9.6
Seppälä, international operations 4.0 1.6 14.1 -6.1
Seppälä, total 10.6 -5.2 38.5 -8.4
Other operations 0.0   0.1  
Operations in Finland, total 102.4 2.4 314.5 3.3
International operations, total 93.0 28.5 288.5 19.9
Stockmann total 195.4 13.3 603.0 10.6


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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