Stockmann Group’s revenue in November 2011
Helsinki, Finland, 2011-12-12 10:15 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 12.12.2011 at 11:15 EET
The Stockmann Group’s revenue in November increased by 6.6 per cent and was EUR 163.2 million.
The Department Store Division’s revenue increased by 6.4 per cent. Revenue was up 2.2 per cent in Finland and 18.0 per cent in international operations. The euro-denominated revenue of Russian operations increased by 21.2 per cent. Stockmann’s Nevsky Centre shopping centre and department store in St Petersburg were opened in November 2010, which explains the stabilized growth compared with the previous months of the year. Revenue growth continued in all department stores in Russia and in the Baltic countries.
Lindex’s revenue was up 6.7 per cent; up 12.1 per cent in Finland and 6.1 per cent in international operations. The euro-denominated revenue in Sweden was on a par with the previous year and developed very well in all other markets.
Seppälä’s revenue was up 7.6 per cent. Revenue turned into growth of 7.2 per cent in Finland. In international operations revenue was up 8.4 per cent and growth was seen in all markets.
Revenue (exclusive of VAT) in November
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||72.6||2.2||751.4||4.6|
|Department Store Division, international operations||30.0||18.0||331.6||39.7|
|Department Store Division, total||102.6||6.4||1 083.0||13.4|
|Lindex, international operations||44.1||6.1||488.0||8.0|
|Seppälä, international operations||3.5||8.4||45.1||2.3|
|Operations in Finland, total||85.6||3.3||895.0||4.0|
|International operations, total||77.6||10.5||864.6||17.9|
|Stockmann total||163.2||6.6||1 759.6||10.4|
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