Stockmann Group’s revenue in April 2012
Helsinki, Finland, 2012-05-09 08:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 9.5.2012 at 09:00 EET
The Stockmann Group’s preliminary revenue in April increased by 5.7 per cent and was EUR 206.6 million.
The Department Store Division’s revenue increased by 9.4 per cent. Revenue was up 3.8 per cent in Finland and 21.5 per cent in international operations. The euro-denominated revenue of Russian operations increased by 27,1 per cent. The growth was boosted by the successful Crazy Days campaign held in April in all department stores. The campaign’s revenue increased in total by 13 per cent, compared to the campaign held in spring 2011. The department stores’ sales performance in April was comparable for the first time in five years, after changes in the department store network in Russia every year since 2007.
Lindex’s euro-denominated revenue was down 3.8 per cent. In Finland the growth was 3.7 per cent. In international operations revenue declined by 4.7 per cent due to weak performance in Norway and in particular in Sweden. Strong growth continued in the new markets of eastern Central Europe and Russia.
Seppälä’s revenue was up 6.0 per cent. Growth was 3.0 per cent in Finland and 11.2 per cent in international operations. Revenue growth was good both in the Baltic countries and in Russia.
Revenue (exclusive of VAT) in April
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||93.8||3.8||282.1||4.0|
|Department Store Division, international operations||51.2||21.5||143.4||21.9|
|Department Store Division, total||144.9||9.4||425.4||9.4|
|Lindex, international operations||44.7||-4.7||167.4||6.7|
|Seppälä, international operations||4.4||11.2||15.8||12.3|
|Operations in Finland, total||106.3||3.7||330.2||5.0|
|International operations, total||100.3||7.8||326.5||13.2|
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