Stockmann Group's revenue in August 2013

Helsinki, Finland, 2013-09-12 13:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 12.9.2013 at 14:00 EET

The Stockmann Group’s revenue amounted to EUR 152.4 million in August 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 5.2 per cent on the previous year. The decline was mainly due to the poor market environment in Finland and the weakened Russian, Swedish and Norwegian currencies against the euro.

The Department Store Division’s revenue was down 8.4 per cent, if the terminated franchising operations are excluded. Revenue was down 6.7 per cent in Finland. Euro-denominated revenue in international operations was down 12.4 per cent. Revenue in the Russian department stores was somewhat down in roubles.

The Fashion Chain Division’s revenue was down 1.1 per cent; down 10.2 per cent in Finland and up 1.3 per cent in international operations. Lindex’s euro-denominated revenue was up 2.6 per cent. Revenue in local currencies was up 7.2 per cent with growth in all countries except in Finland. Seppälä’s revenue was down 17.9 per cent, partly due to several closed stores during the past 12 months.


Revenue (exclusive of VAT) in August

  8/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 57.8 -10.2 -6.7
Department Store Division,
international operations
23.5 -15.0 -12.4
Department Store Division, total 81.3 -11.7 -8.4
Fashion Chain Division, Finland 13.3 -10.2 -10.2
Fashion Chain Division,
international operations
57.9 1.3 1.3
Fashion Chain Division, total 71.2 -1.1 -1.1
Unallocated -0.1    
Operations in Finland, total 71.1 -10.4 -7.5
International operations, total 81.4 -4.0 -3.1
Stockmann total 152.4 -7.1 -5.2


Revenue (exclusive of VAT) in January–August

  1-8/2013
EUR mill.
Change
%
Change-%
excl. terminated

franchising*
Department Store Division, Finland 508.1 -3.6 -1.6
Department Store Division,
international operations
247.0 -2.9 0.5
Department Store Division, total 755.0 -3.4 -0.9
Fashion Chain Division, Finland 98.8 -10.4 -10.4
Fashion Chain Division,
international operations
421.2 3.3 3.3
Fashion Chain Division, total 520.0 0.4 0.4
Unallocated -0.6    
Operations in Finland, total 606.3 -5.0 -3.3
International operations, total 668.2 0.9 2.2
Stockmann total 1 274.5 -2.0 -0.5


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
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