Stockmann Group’s revenue in November 2012
STOCKMANN plc, Company Announcement 12.12.2012 at 15:15 EET
The Stockmann Group’s revenue in November was up 3.0 per cent to EUR 168.0 million.
The Department Store Division’s revenue grew by 3.1 per cent. Revenue was up 2.9 per cent in Finland and 3.6 per cent in international operations. The euro-denominated revenue in Russia increased by 10.6 per cent in the department stores and by 3.2 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 2.8 per cent; down 5.4 per cent in Finland and up 5.0 per cent in international operations. Lindex’s euro-denominated revenue was up 4.9 per cent due to the strengthened Swedish krona and Norwegian krone. In local currencies revenue was down 2.0 per cent, though growth continued in Russia and Eastern Europe. Seppälä’s revenue was down 6.9 per cent. Revenue was again up in Estonia but declined in other markets.
Revenue (exclusive of VAT) in November
|EUR mill.||%||EUR mill.||%|
|Department Store Division, Finland||74.7||2.9||770.3||2.5|
|Department Store Division, international operations||31.1||3.6||373.5||12.7|
|Department Store Division, total||105.8||3.1||1 143.9||5.6|
|Fashion Chain Division, Finland||12.2||-5.4||147.8||3.2|
Fashion Chain Division,
|Fashion Chain Division, total||62.3||2.8||722.3||6.8|
|Operations in Finland, total||86.9||1.6||918.6||2.6|
|International operations, total||81.1||4.5||948.0||9.6|
|Stockmann total||168.0||3.0||1 866.6||6.1|
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