Profit warning: Stockmann Group’s revised guidance for 2020
STOCKMANN plc, Inside Information 18.3.2020 at 17:00 EET
Stockmann expects that the Coronavirus (COVID-19) outbreak and numerous restrictions and special regulations imposed as a result of this outbreak will considerably decrease the volume of our business operations and profitability.
Updated guidance for 2020: Due to the rapid changes in the business environment, Stockmann’s previous outlook, published on 13 February 2020, is not valid anymore. Stockmann will provide a new guidance when the visibility in our markets is clearer.
Previous guidance for 2020 (published on 13 February 2020): Stockmann expects the Group’s operating profit to improve clearly in 2020 (2019: EUR 13.3 million).
Stockmann will publish its Interim report for January–March 2020 on 30 April 2020.
Further information: Pekka Vähähyyppä, CFO, puh. +358 9 121 3351