Stockmann’s outlook

Financial Statements Bulletin, published on 9 February 2024:

Guidance for 2024:
In 2024, the Stockmann Group expects its revenue to increase by 1-3% in local currencies compared to 2023. The Group’s adjusted operating result is estimated to be EUR 70-90 million. Foreign exchange rate fluctuations may have a significant effect on the adjusted operating result.

Market outlook for 2024:
The market environment in 2024 is expected to remain challenging. The macroeconomic situation in Europe remains uncertain due to the continuing geopolitical instability. High interest rates and inflation are holding back economic growth, and the retail sector may be affected by lower consumer demand. Forecasts are indicating a stagnant GDP (Gross Domestic Product) development or slow growth in the company’s key markets. Inflation is forecasted to continue declining from high to targeted levels. The situation may vary between the Group’s markets. Disruptions in supply chains and international logistics during the year cannot be excluded either.

stockmann group’s financial statements bulletin 2023

Click on the link below to read the full interim report.