Stockmann Group’s revenue in June 2012
Helsinki, Finland, 2012-07-10 08:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 10.7.2012 at 9:00 EET
The Stockmann Group’s revenue in June increased by 5.6 per cent and was EUR 164.7 million.
The Department Store Division’s revenue grew by 7.2 per cent. Revenue was up 4.7 per cent in Finland and up 13.4 per cent in international operations. Department stores in the Baltic countries performed particularly well. The euro-denominated revenue in Russia increased by 15.0 per cent in the department stores and by 9.6 per cent in total, when including the Bestseller franchising stores which will be closed down by the end of 2012.
The Fashion Chain Division’s revenue grew by 3.6 percent. The revenue was on a par with the previous year in Finland and up 4.7 per cent in international operations. Lindex’s euro-denominated revenue was up 6.2 per cent thanks to growth in all markets. Seppälä’s revenue was down 6.5 per cent due to weak sales in Finland and in particular in Russia. Both fashion chains performed well in the Baltic countries. Growth remained strongest in Lindex’s new markets in eastern Central Europe and Russia.
Revenue (exclusive of VAT) in June
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||63.0||4.7||409.2||3.3|
|Department Store Division, international operations||28.0||13.4||197.0||18.4|
|Department Store Division, total||91.0||7.2||606.3||7.8|
|Fashion Chain Division, Finland||16.2||-0.3||80.3||7.7|
Fashion Chain Division,
|Fashion Chain Division, total||73.7||3.6||380.6||7.2|
|Operations in Finland, total||79.3||3.7||489.9||4.1|
|International operations, total||85.4||7.4||497.3||11.3|
Change-%: change compared with the corresponding period of the previous year.
Hannu Penttilä, CEO, tel. +358 9 121 5801