Stockmann Group's revenue in April 2013

Helsinki, Finland, 2013-05-15 08:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 15.5.2013 at 9:00 EET

The Stockmann Group’s revenue amounted to EUR 212.0 million in April 2013. Revenue, excluding the terminated franchising operations in Russia and Finland, was up 3.6 per cent. April had two sales days more than in 2012 in many countries due to the earlier Easter. The Group’s combined revenue for March and April, excluding the terminated franchising operations, was down 1.1 per cent.

The Department Store Division’s revenue, excluding the terminated franchising operations, was up 3.8 per cent. In Finland revenue grew by 2.4 per cent and in international operations by 6.2 per cent. In Russia growth was strong particularly in local currency. The successful Crazy Days campaign with a revenue growth of 10 per cent boosted the performance in April.

Fashion Chain Division’s revenue was up 3.5 per cent; down 12.8 per cent in Finland and up 7.6 per cent in international operations. Lindex’s euro-denominated revenue was up 8.9 per cent, partly due to the strengthened Swedish krona. The start of the main spring campaign had a positive effect on the revenue during the month. Revenue in local currencies was up 5.6 per cent with growth in all countries except in Finland. Seppälä’s revenue was down 20.7 per cent. Revenue declined in all countries.


Revenue (exclusive of VAT) in April

  4/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 94.9 0.7 2.4
Department Store Division,
international operations
53.1 3.3 6.2
Department Store Division, total 148.0 1.6 3.8
Fashion Chain Division, Finland 10.8 -12.8 -12.8
Fashion Chain Division,
international operations
53.3 7.6 7.6
Fashion Chain Division, total 64.1 3.5 3.5
Other operations -0.1    
Operations in Finland, total 105.7 -1.0 0.5
International operations, total 106.3 5.4 6.9
Stockmann total 212.0 2.1 3.6


Revenue (exclusive of VAT) in January–April

  1-4/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 276.4 -2.2 -1.2
Department Store Division,
international operations
141.7 -1.3 2.2
Department Store Division, total 418.1 -1.9 -0.1
Fashion Chain Division, Finland 40.9 -14.6 -14.6
Fashion Chain Division,
international operations
184.5 0.5 0.5
Fashion Chain Division, total 225.4 -2.6 -2.6
Other operations -0.3    
Operations in Finland, total 317.0 -4.2 -3.3
International operations, total 326.2 -0.3 1.2
Stockmann total 643.2 -2.2 -1.1


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:
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