STOCKMANN GROUP’S REVENUE IN MARCH 2011
Helsinki, Finland, 2011-04-11 12:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 11.4.2011 at 13:00 EET
The Stockmann Group’s revenue in March increased by 9.5 per cent and was EUR 144.9 million.
The Department Store Division’s revenue increased by 13.2 per cent. In Finland revenue was up 6.1 per cent. Revenue increased abroad by 34.8 per cent, with a continued solid growth in the Baltic department stores and a 44 per cent growth in Russia, mostly due to the new department store in St Petersburg. A new department store was opened in Ekaterinburg in Russia on 30 March 2011.
Lindex’s euro-denominated revenue increased by 7.0 per cent; up 2.3 per cent in Finland and up 7.6 per cent abroad. Growth continued strongest in the new markets of the Czech Republic, Slovakia and Russia. Also the strong Swedish krona increased the euro-denominated revenue.
Seppälä’s revenue was down 5.3 per cent. The decrease was 5.6 per cent in Finland and 4.9 per cent abroad.
Revenue (exclusive of VAT) in March
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||61.6||6.1||180.8||5.6|
|Department Store Division, international operations||25.4||34.8||75.4||37.7|
|Department Store Division, total||87.1||13.2||256.2||13.4|
|Lindex, international operations||42.3||7.6||109.9||7.5|
|Seppälä, international operations||4.0||-4.9||10.1||-8.8|
|Operations in Finland, total||73.1||4.5||212.0||3.7|
|International operations, total||71.8||15.0||195.5||16.2|
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