Helsinki, Finland, 2013-02-13 07:00 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 13.2.2013 at 8:00 EET
The Stockmann Group’s revenue amounted to EUR 152.0 million in January 2013. Revenue growth, excluding the terminated franchising operations in Russia, was up 1.7 per cent. Stockmann’s revenue is reported exclusive of value added tax that was raised by 1 percentage point in Finland as of 1 January 2013.
The Department Store Division’s revenue, excluding the terminated franchising operations in Russia, was up 2.3 per cent. Revenue in Finland was up 3.5 per cent and revenue in international operations was on a par with the previous year. Revenue was up in the Russian department store business but down in the Baltic countries where the season sale was started already in December. A year ago the sale was not started before January.
Fashion Chain Division’s revenue was up 0.9 per cent; down 6.3 per cent in Finland and up 2.9 per cent in international operations. Lindex’s euro-denominated revenue was up 5.4 per cent. Revenue in local currencies was up 1.0 per cent. Revenue grew in all markets except in Norway. Seppälä’s revenue was down 16.3 per cent due to a significantly lower level of merchandise on season sale compared with 2012.
Revenue (exclusive of VAT) in January
excl. terminated franchising*
Department Store Division, Finland
Department Store Division,
Department Store Division, total
Fashion Chain Division, Finland
Fashion Chain Division,
Fashion Chain Division, total
Operations in Finland, total
International operations, total
Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the terminated Bestseller franchising operations in Russia in 2012.
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351