Stockmann Group's revenue in September 2013 and the Crazy Days campaign in October 2013

Helsinki, Finland, 2013-10-14 10:30 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 14.10.2013 at 11.30 EET

The Stockmann Group’s revenue amounted to EUR 154.8 million in September 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 8.6 per cent on the previous year. The market environment continued to be weak in Finland. The Russian, Swedish and Norwegian currencies also declined against the euro.

The Department Store Division’s revenue was down 9.6 per cent, if the terminated franchising operations are excluded. Revenue was down 11.3 per cent in Finland. Euro-denominated revenue in international operations was down 6.1 per cent. Revenue in the Russian department stores was on a par with the previous year in roubles.

The Crazy Days campaign, which took place in all department stores and in the online store in October, reached a new sales record with a growth of
approximately two per cent. The campaign’s euro-denominated revenue improved in all market areas, despite the weak Russian rouble. Sales were particularly up in the online store in Finland.

The Fashion Chain Division’s revenue in September was down 7.2 per cent; down 10.0 per cent in Finland and down 6.6 per cent in international operations. Lindex’s euro-denominated revenue was 6.5 per cent less than a year earlier. Revenue in local currencies was down 4.9 per cent. In 2012 Lindex had a very successful Pink Ribbon campaign with Missoni in September. This year the Pink Ribbon campaign started only in October. Seppälä’s revenue was down 11.3 per cent, partly due to several closed stores during the past 12 months.


Revenue (exclusive of VAT) in September
 

  9/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 57.7 -11.3 -14.2
Department Store Division,
international operations
27.8 -6.1 -8.4
Department Store Division, total 85.5 -9.6 -12.4
Fashion Chain Division, Finland 11.8 -10.0 -10.0
Fashion Chain Division,
international operations
57.6 -6.6 -6.6
Fashion Chain Division, total 69.4 -7.2 -7.2
Unallocated -0.1    
Operations in Finland, total 69.4 -11.2 -13.6
International operations, total 85.4 -6.4 -7.2
Stockmann total 154.8 -8.6 -10.2


Revenue (exclusive of VAT) in January–September
 

  1-9/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 565.7 -2.7 -4.8
Department Store Division,
international operations
274.7 -0.2 -3.5
Department Store Division, total 840.5 -1.9 -4.4
Fashion Chain Division, Finland 110.6 -10.4 -10.4
Fashion Chain Division,
international operations
478.8 2.0 2.0
Fashion Chain Division, total 589.4 -0.6 -0.6
Unallocated -0.6    
Operations in Finland, total 675.7 -4.2 -5.9
International operations, total 753.6 1.2 -0.1
Stockmann total 1 429.3 -1.4 -2.9


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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