Stockmann Group's revenue in May 2013

Helsinki, Finland, 2013-06-13 10:30 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 13.6.2013 at 11:30 EET

The Stockmann Group’s revenue amounted to EUR 167.8 million in May 2013. Revenue, excluding the terminated franchising operations in Russia and Finland, was up 3.9 per cent.

The Department Store Division’s revenue, excluding the terminated franchising operations, was up 4.7 per cent. In Finland revenue grew by 3.3 per cent despite various construction works affecting Itäkeskus, Tampere and Tapiola department stores. Euro-denominated revenue in international operations was up 8.0 per cent with good performance in the Baltic countries and in particular in Russia.

Fashion Chain Division’s revenue was up 3.2 per cent; down 3.6 per cent in Finland and up 5.0 per cent in international operations. Lindex’s euro-denominated revenue was up 6.1 per cent, partly due to the strengthened Swedish krona. Revenue in local currencies was up 4.6 per cent. The spring collections were well-received and resulted in revenue growth in all countries. Seppälä’s revenue was down 10.3 per cent. Revenue continued to decline in all countries.


Revenue (exclusive of VAT) in May
 

  5/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 63.7 0.1 3.3
Department Store Division,
international operations
26.3 3.2 8.0
Department Store Division, total 90.0 1.0 4.7
Fashion Chain Division, Finland 15.6 -3.6 -3.6
Fashion Chain Division,
international operations
62.3 5.0 5.0
Fashion Chain Division, total 77.9 3.2 3.2
Other operations -0.1    
Operations in Finland, total 79.2 -0.8 1.7
International operations, total 88.6 4.4 5.9
Stockmann total 167.8 1.9 3.9


Revenue (exclusive of VAT) in January–May
 

  1-5/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 340.1 -1.8 -0.4
Department Store Division,
international operations
168.0 -0.6 3.0
Department Store Division, total 508.1 -1.4 0.7
Fashion Chain Division, Finland 56.5 -11.8 -11.8
Fashion Chain Division,
international operations
246.7 1.6 1.6
Fashion Chain Division, total 303.3 -1.2 -1.2
Other operations -0.4    
Operations in Finland, total 396.3 -3.5 -2.3
International operations, total 414.8 0.7 2.2
Stockmann total 811.0 -1.4 -0.1


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:
NASDAQ OMX
Principal media

 





Back