Stockmann Group's revenue in March 2013

Helsinki, Finland, 2013-04-12 14:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 12.4.2013 at 15:00 EET

The Stockmann Group’s revenue amounted to EUR 148.1 million in March 2013. Revenue, excluding the terminated franchising operations in Russia and Finland, was down 7.1 per cent. The retail market continued to be very weak in particular in Finland. March had two sales days less than in 2012 in many countries due to early occasion of Easter. Also weather in the main markets, including Russia, has been exceptionally cold and postponed the sales of spring merchandise.

The Department Store Division’s revenue, excluding the terminated franchising operations, was down 3.6 per cent: down 5.3 per cent in Finland and up 0.2 per cent in international operations. The St Petersburg department store continued strong growth during the month.

The Fashion Chain Division’s revenue was down 11.8 per cent; down 26.1 per cent in Finland and down 8.3 per cent in international operations. Lindex’s euro-denominated revenue was down 8.0 per cent. Revenue in local currencies was down 9.6 per cent. Revenue growth in Russia and Eastern European markets could not compensate the decline in the Nordic countries. In 2012 Lindex’s successful spring campaign clearly increased revenue in March, whereas in 2013 the campaign will take place in April. Seppälä’s revenue was down 30.5 per cent which was somewhat affected by the closure of 12 stores during the past 12 months. Weak performance continued in all countries.


Revenue (exclusive of VAT) in March
 

  3/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 60.3 -7.8 -5.3
Department Store Division,
international operations
29.0 -3.3 0.2
Department Store Division, total 89.3 -6.4 -3.6
Fashion Chain Division, Finland 9.8 -26.1 -26.1
Fashion Chain Division,
international operations
49.0 -8.3 -8.3
Fashion Chain Division, total 58.8 -11.8 -11.8
Other operations -0.1    
Operations in Finland, total 70.1 -11.1 -9.0
International operations, total 78.0 -6.5 -5.3
Stockmann total 148.1 -8.7 -7.1


Revenue (exclusive of VAT) in January–March
 

  1-3/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 181.5 -3.7 -3.0
Department Store Division,
international operations
88.7 -3.8 -0.1
Department Store Division, total 270.1 -3.7 -2.1
Fashion Chain Division, Finland 30.1 -15.3 -15.3
Fashion Chain Division,
international operations
131.2 -2.1 -2.1
Fashion Chain Division, total 161.3 -4.9 -4.9
Other operations -0.2    
Operations in Finland, total 211.4 -5.7 -5.1
International operations, total 219.9 -2.8 -1.3
Stockmann total 431.2 -4.2 -3.2

 
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 and the Zara franchising operations in Finland in spring 2013.

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

 





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