Stockmann's outlook for 2019
Interim report Q3 2019, published 30.10.2019:
We expect that the uncertainties in the global economy will remain during the rest of the year.
In 2019, the retail growth is estimated to decline somewhat due to economic slowdown in Finland, but modest growth is expected to continue in Sweden (source: Federation of Finnish Commerce, HUI Research). In the Baltic countries, the outlook for the retail trade is expected to be better than that for the Stockmann Group’s other main market areas (source: OECD).
Capital expenditure for 2019 is estimated to be approximately EUR 35 million.
Stockmann expects the Group’s adjusted operating profit, excluding Nevsky Centre but including the impact of IFRS 16, to be on a par with 2018.