Helsinki, Finland, 2015-08-12 07:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 12.8.2015 at 8:00 EET
The Stockmann Group's preliminary sales amounted to EUR 119.4 million in July 2015. At comparable exchange rates, sales excluding Seppälä were up by 5.5 per cent on the previous year. Performance improved in both Stockmann Retail and Lindex, and this resulted in the Group's best sales development since May 2013. Euro-denominated sales excluding Seppälä were up 1.1 per cent.
Stockmann Retail's sales were up 3.8 per cent at comparable exchange rates. Due to the weak Russian rouble and withdrawing from the own electronics product category, euro-denominated sales were down by 3.0 per cent.
In Finland, sales were down by 1.1 per cent. Excluding electronics, sales in the department stores were clearly up on the previous year. In the fashion product category Stockmann continued to take market share.
In international operations, sales were up 15.2 per cent at comparable exchange rates. Sales grew in all department stores despite lower merchandise volume in the summer sale. Euro-denominated sales were down by 6.6 per cent due to the weak rouble.
Lindex's sales were up 9.7 per cent at comparable exchange rates. Performance was strong in all market areas, and particularly in the biggest market, Sweden. Euro-denominated sales were up 6.0 per cent.
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 July
1-7/2015 EUR mill.
Stockmann Retail, Finland
Stockmann Retail, total
Operations in Finland, total*
Operations in Finland, excl. Seppälä
International operations, total*
International operations, excl. Seppälä
Stockmann, total excl. Seppälä
* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.
Further information: Lauri Veijalainen, CFO, tel. +358 9 121 5062 Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558