STOCKMANN GROUP’S REVENUE IN JANUARY 2011
Helsinki, Finland, 2011-02-10 07:00 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 10.2.2011 at 8:00 EET
The Stockmann Group’s revenue in January increased by 10.0 per cent and was EUR 137.5 million.
The Department Store Division’s revenue increased by 15.4 per cent; up 6.4 per cent in Finland and up 40.1 per cent abroad. Revenue increased in all markets. Growth was strongest in Russia, where euro-denominated revenue increased by 56.8 per cent and was boosted by the new Stockmann department store in the Nevsky Centre shopping centre in St Petersburg.
Lindex’s euro-denominated revenue increased by 6.3 per cent. Revenue in Finland was on a par with the previous year and increased 7.1 per cent abroad. The strongest growth was seen in the new markets in Russia, the Czech Republic and Slovakia.
Seppälä’s revenue was down by 14.9 per cent; down 16.3 per cent in Finland and down 12.1 per cent abroad. A bigger part of sales merchandise compared to the previous year was sold already in December 2010. The stores in Russia were suffering from late deliveries of new products due to difficulties on the Far East procurement market.
Revenue (exclusive of VAT) in January
|Department Store Division, Finland||59.3||6.4|
|Department Store Division, international operations||28.7||40.1|
|Department Store Division, total||88.1||15.4|
|Lindex, international operations||35.3||7.1|
|Seppälä, international operations||3.4||-12.1|
|Operations in Finland, total||70.1||3.5|
|International operations, total||67.4||17.6|
Change-%: change compared with the corresponding period of the previous year.
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351