Stockmann Group's revenue in July 2013

Helsinki, Finland, 2013-08-09 07:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 9.8.2013 at 8:00 EET

The Stockmann Group’s preliminary revenue amounted to EUR 146.0 million in July 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was on a par with the previous year.

The Department Store Division’s revenue, excluding the terminated franchising operations, was down 3.1 per cent. Revenue was down 1.6 per cent in Finland, where the Stockmann and Hobby Hall online stores however improved strongly. Euro-denominated revenue in international operations was down 5.8 per cent due to the weakened Russian rouble. Department stores’ revenue in rouble was on a par with the previous year in Russia.

The Fashion Chain Division’s revenue was up 3.7 per cent; down 3.9 per cent in Finland and up 5.9 per cent in international operations. Lindex’s euro-denominated revenue was up 7.5 per cent with strong growth in all countries. Revenue in local currencies was up 11.6 per cent. Seppälä’s revenue was down 11.8 per cent, partly due to several closed stores during the past 12 months.


Revenue (exclusive of VAT) in July

  7/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 50.9 -4.9 -1.6
Department Store Division,
international operations
27.2 -8.7 -5.8
Department Store Division, total 78.1 -6.3 -3.1
Fashion Chain Division, Finland 14.5 -3.9 -3.9
Fashion Chain Division,
international operations
53.4 5.9 5.9
Fashion Chain Division, total 67.9 3.7 3.7
Other operations -0.1    
Operations in Finland, total 65.4 -4.9 -2.3
International operations, total 80.6 0.5 1.7
Stockmann total 146.0 -2.0 -0.1


Revenue (exclusive of VAT) in January–July

  1-7/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 450.0 -2.8 -0.9
Department Store Division,
international operations
223.3 -1.5 2.0
Department Store Division, total 673.3 -2.4 0.1
Fashion Chain Division, Finland 85.5 -10.4 -10.4
Fashion Chain Division,
international operations
362.4 3.3 3.3
Fashion Chain Division, total 448.0 0.4 0.4
Other operations -0.5    
Operations in Finland, total 535.1 -4.2 -2.7
International operations, total 585.7 1.4 2.8
Stockmann total 1 120.8 -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.

The release is based on preliminary revenue figures in July 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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