Stockmann Group's revenue in June 2013

Helsinki, Finland, 2013-07-11 11:45 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 11.7.2013 at 12:45 EET

The Stockmann Group’s revenue amounted to EUR 163.8 million in June 2013. Revenue, excluding the terminated franchising operations in Russia and Finland, was up 1.3 per cent.

The Department Store Division’s revenue, excluding the terminated franchising operations, was down 1.0 per cent. Revenue was down 3.3 per cent in Finland. Revenue under the Stockmann brand was almost on a par with the previous year, but Hobby Hall’s revenue was clearly down. Euro-denominated revenue in international operations was up 4.4 per cent despite the weakened Russian rouble. Growth was particularly strong in the Baltic department stores and the newest stores in Russia.

Fashion Chain Division’s revenue was up 4.2 per cent; down 10.7 per cent in Finland and up 8.4 per cent in international operations. Lindex’s euro-denominated revenue was up 8.6 per cent. Revenue in local currencies was up 9.0 per cent with growth in all countries except in Finland. Sales in Sweden improved strongly after several months of slow performance. Seppälä’s revenue was down 15.5 per cent. Revenue was somewhat affected by the closure of 15 stores during the past 12 months.



Revenue (exclusive of VAT) in June
 

 

  6/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 59.0 -6.4 -3.3
Department Store Division,
international operations
28.1 0.5 4.4
Department Store Division, total 87.1 -4.3 -1.0
Fashion Chain Division, Finland 14.5 -10.7 -10.7
Fashion Chain Division,
international operations
62.3 8.4 8.4
Fashion Chain Division, total 76.8 4.2 4.2
Other operations -0.1    
Operations in Finland, total 73.4 -7.4 -5.1
International operations, total 90.4 5.8 7.1
Stockmann total 163.8 -0.6 1.3
       


Revenue (exclusive of VAT) in January–June
 

 

  1-6/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 399.1 -2.5 -0.8
Department Store Division,
international operations
196.1 -0.4 3.2
Department Store Division, total 595.2 -1.8 0.5
Fashion Chain Division, Finland 71.0 -11.6 -11.6
Fashion Chain Division,
international operations
309.0 2.9 2.9
Fashion Chain Division, total 380.0 -0.2 -0.2
Other operations -0.4    
Operations in Finland, total 469.7 -4.1 -2.8
International operations, total 505.1 1.6 3.0
Stockmann total      
  974.8 -1.3 0.2


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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