Stockmann Group's revenue in February 2013

Helsinki, Finland, 2013-03-13 14:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 13.3.2013 at 15:00 EET

The Stockmann Group’s revenue amounted to EUR 131.2 million in February 2013. Revenue, excluding the terminated franchising operations in Russia, was down 3.8 per cent. February had one sales day less than in 2012 due to the previous year’s leap day. This affected revenue negatively by approximately 4 percentage points. The general retail market was weak during the whole month in particular in Finland.

The Department Store Division’s revenue, excluding the terminated franchising operations in Russia, was down 4.8 per cent: down 6.3 per cent in Finland and down 1.0 per cent in international operations. Revenue was on a par with the previous year in the Russian department stores.

The Fashion Chain Division’s revenue was down 1.8 per cent; down 11.7 per cent in Finland and up 0.8 per cent in international operations. Lindex’s euro-denominated revenue was up 1.8 per cent. Revenue in local currencies was down 3.2 per cent. Revenue grew in Russia as well as in Baltic and Eastern European markets but was down in the Nordic countries. Seppälä’s revenue was down 18.2 per cent. Performance was weaker than in the previous year in all countries.


Revenue (exclusive of VAT) in February

  2/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 57.9 -6.3 -6.3
Department Store Division,
international operations
25.5 -3.9 -1.0
Department Store Division, total 83.4 -5.6 -4.8
Fashion Chain Division, Finland 8.9 -11.7 -11.7
Fashion Chain Division,
international operations
38.9 0.8 0.8
Fashion Chain Division, total 47.8 -1.8 -1.8
Other operations -0.1    
Operations in Finland, total 66.8 -7.2 -7.2
International operations, total 64.3 -1.1 0.1
Stockmann total 131.2 -4.3 -3.8


Revenue (exclusive of VAT) in January–February

  1-2/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 121.1 -1.5 -1.5
Department Store Division,
international operations
59.7 -4.0 -0.3
Department Store Division, total 180.8 -2.3 -1.1
Fashion Chain Division, Finland 20.3 -8.8 -8.8
Fashion Chain Division,
international operations
82.2 1.9 1.9
Fashion Chain Division, total 102.5 -0.4 -0.4
Other operations -0.1    
Operations in Finland, total 141.3 -2.8 -2.8
International operations, total 141.9 -0.7 1.0
Stockmann total 283.2 -1.7 -0.9


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.

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


www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


Distribution:
NASDAQ OMX
Principal media

 





Back