Stockmann Group’s revenue in August 2012
Helsinki, Finland, 2012-09-12 08:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 12.9.2012 at 9:00 EET
The Stockmann Group’s revenue in August was up 4.8 per cent to EUR 164.0 million.
The Department Store Division’s revenue was up 2.9 per cent. Revenue was up 1.1 per cent in Finland and 7.2 per cent in international operations. The growth was lead by the department stores in St Petersburg and Ekaterinburg. The euro-denominated revenue in Russia increased by 13.7 per cent in the department stores and by 6.9 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 7.4 percent; up 5.6 per cent in Finland and 7.9 per cent in international operations. Lindex’s euro-denominated revenue was up 8.9 per cent due to the strengthened Swedish krona and Norwegian krone. In local currencies revenue was on a par with the previous year. Revenue was down in Sweden and particularly in Norway, but continued to grow strongly in all other countries. Seppälä’s revenue was up 1.1 per cent due to good sales in Finland and the Baltic countries but weaker development in Russia.
Revenue (exclusive of VAT) in August
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||64.4||1.1||527.2||2.6|
|Department Store Division, international operations||27.6||7.2||254.4||15.0|
|Department Store Division, total||92.0||2.9||781.6||6.3|
|Fashion Chain Division, Finland||14.8||5.6||110.3||6.0|
Fashion Chain Division,
|Fashion Chain Division, total||72.0||7.4||518.2||6.7|
|Operations in Finland, total||79.2||1.9||637.8||3.2|
|International operations, total||84.8||7.7||662.3||9.9|
|Stockmann total||164.0||4.8||1 300.1||6.5|
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