Stockmann Group’s revenue in May 2012
Helsinki, Finland, 2012-06-11 12:15 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 11.6.2012 at 13:15 EET
The Stockmann Group’s revenue in May increased by 3.8 per cent and was EUR 164.7 million. Sales were affected by a negative calendar effect with, for example, two sales days less than in 2011 in most of Finland and three sales days less in Norway.
The Department Store Division’s revenue was in par with the previous year. Revenue was down 1.6 per cent in Finland and up 5.7 per cent in international operations. The euro-denominated revenue of Russian operations, including clearly decreasing revenue of Bestseller-chain, which will gradually be closed down by the end of 2012, increased by 5.2 per cent.
Lindex’s revenue was up 9.3 per cent; up 8.4 per cent in Finland and up 9.5 per cent in international operations. Revenue grew modestly in the main markets. Strong growth continued in new markets of Russia and the eastern Central Europe.
Seppälä’s revenue was up 3.1 per cent; up 6.6 per cent in Finland and down 3.4 per cent in international operations. Revenue grew clearly in the Baltic countries but was weaker in Russia.
Revenue (exclusive of VAT) in May
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||63.7||-1.6||346.2||3.1|
|Department Store Division, international operations||25.5||5.7||169.1||19.3|
|Department Store Division, total||89.2||0.4||515.3||7.9|
|Lindex, international operations||54.9||9.5||222.6||7.5|
|Seppälä, international operations||4.4||-3.4||20.2||8.3|
|Operations in Finland, total||79.9||0.1||410.5||4.1|
|International operations, total||84.8||7.5||411.9||12.1|
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