Helsinki, Finland, 2015-05-15 12:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 15.5.2015 at 13:00 EET
The Stockmann Group's sales amounted to EUR 136.9 million in April 2015. Sales were down by 23.5 per cent on the previous year at comparable exchange rates. Euro-denominated sales were down by 26.1 per cent. The decline was due to the timing of the Crazy Days campaign in Finland; this year the campaign was held in March, instead of April as in the previous year. In March 2015, the Group’s sales were up 17.0 per cent at comparable exchange rates due to the timing of the campaign.
Stockmann Retail's sales were down by 30.1 per cent at comparable exchange rates. Euro-denominated sales were down by 32.5 per cent.
In Finland, sales were down by 46.3 per cent due to the timing of the Crazy Days campaign. Withdrawing from the own electronics product category also affected the sales negatively. In March, Stockmann Retail’s sales increased by 41.6 per cent in Finland due to the Crazy Days campaign.
In international operations, sales were up 2.5 per cent at comparable exchange rates. Euro-denominated sales were down by 7.5 per cent due to the weak rouble.
Lindex's sales were up 1.1 per cent at comparable exchange rates with the best performance in the eastern Central Europe. Due to currency effects, euro-denominated sales were down by 2.6 per cent.
From April onwards, the Fashion Chains division includes only Lindex, since Seppälä was divested on 1 April 2015.
The Group's sales figures include merchandise sales exclusive VAT in Stockmann Retail's and Fashion Chains' stores. The figure does not include other operating income such as rental income or service fees.
Sales (exclusive of VAT) in April
1-4/2015 EUR mill.
Stockmann Retail, Finland
Stockmann Retail, total
Operations in Finland, total
International operations, total
* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558