Stockmann Group's revenue in October 2013

Helsinki, Finland, 2013-11-13 13:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 13.11.2013 at 14:00 EET

The Stockmann Group’s revenue amounted to EUR 217.7 million in October 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 2.6 per cent on the previous year.

Despite the successful Crazy Days campaign, the Department Store Division’s revenue was down 3.6 per cent, if the terminated franchising operations are excluded. In Finland revenue was down 3.2 per cent. Euro-denominated revenue in international operations was down 4.2 per cent due to the weakened Russian rouble. Revenue in local currency was up in the Russian department stores. Revenue of the Crazy Days campaign was up altogether by 2 per cent with growth in all market areas.

The Fashion Chain Division’s revenue was on a par with the previous year; down 4.9 per cent in Finland and up 1.0 per cent in international operations. Lindex’s euro-denominated revenue was up 3.4 per cent. Revenue in local currencies was up 4.8 per cent. This year the Pink Ribbon campaign took place in October, whereas in 2012 the campaign took place already in September. Seppälä’s revenue was down 18.5 per cent, partly due to several closed stores during the past 12 months and the weakened Russian rouble.


Revenue (exclusive of VAT) in October

  10/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 96.1 -3.2 -5.2
Department Store Division,
international operations
54.7 -4.2 -5.3
Department Store Division, total 150.7 -3.6 -5.2
Fashion Chain Division, Finland 11.6 -4.9 -4.9
Fashion Chain Division,
international operations
55.4 1.0 1.0
Fashion Chain Division, total 67.0 -0.1 -0.1
Unallocated 0.0    
Operations in Finland, total 107.7 -3.5 -5.2
International operations, total 110.1 -1.6 -2.2
Stockmann total 217.7 -2.6 -3.7


Revenue (exclusive of VAT) in January–October

  1-10/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 661.8 -2.7 -4.9
Department Store Division,
international operations
329.4 -0.9 -3.8
Department Store Division, total 991.2 -2.1 -4.5
Fashion Chain Division, Finland 122.2 -9.9 -9.9
Fashion Chain Division,
international operations
534.2 1.9 1.9
Fashion Chain Division, total 656.4 -0.5 -0.5
Unallocated -0.7    
Operations in Finland, total 783.4 -4.1 -5.8
International operations, total 863.6 0.8 -0.4
Stockmann total 1 647.0 -1.6 -3.1


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
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