STOCKMANN GROUP’S REVENUE IN MAY 2011
Helsinki, Finland, 2011-06-13 09:45 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 13.6.2011 at 10:45 EET
The Stockmann Group’s revenue in May increased by 12.1 per cent and was EUR 158.6 million.
The Department Store Division’s revenue increased by 15.1 per cent. Revenue was up 8.1 per cent in Finland, boosted by good development in the distance retail business. In international operations revenue was up 39.4 per cent. The euro-denominated revenue increased by 53,3 per cent in Russia.
Lindex’s euro-denominated revenue increased by 11.4 per cent; up 0.9 per cent in Finland and 12.9 per cent abroad. The revenue growth was strongest in Russia.
Seppälä’s revenue was down 2.7 per cent. The decrease was 8.0 per cent in Finland. Revenue was up 8.8 per cent abroad with the strongest growth seen in Russia.
Revenue (exclusive of VAT) in May
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||64.7||8.1||335.8||5.4|
|Department Store Division, international operations||24.1||39.4||141.7||40.7|
|Department Store Division, total||88.8||15.1||477.5||13.8|
|Lindex, international operations||50.1||12.9||207.0||10.9|
|Seppälä, international operations||4.6||8.8||18.7||-2.8|
|Operations in Finland, total||79.8||5.5||394.3||3.7|
|International operations, total||78.9||19.6||367.4||19.8|
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