STOCKMANN GROUP SALES IN AUGUST 2008

STOCKMANN plc Company Announcement 9.9.2008 at 14.45

STOCKMANN GROUP SALES IN AUGUST 2008

In August, Stockmann Group's consolidated sales grew by 50 per cent to EUR 185.9 million. The growth was attributable to including Lindex's sales in the Stockmann Group's figures and the growth of sales in Seppälä, Department Store Division and Lindex. In general, the trend of sales in August was clearly more positive in the Nordic and Baltic market than during previous June and July months.

Seppälä's sales increased in all markets, totally by 19 per cent. Sales in Finland increased by 11 per cent and by 35 abroad. Sales development was very strong especially in Russia. Also Lindex's sales increased and Lindex opened very successfully its first store in St Petersburg in Russia in the middle of August.

Department Store Division's sales increased by 3 per cent. Sales in Finland increased by 2 per cent in Finland and by 4 per cent abroad, despite the closure in May of the department store in the Smolensky Passage shopping centre in Moscow due to the illegal action of the lessor. Sales in Finnish department stores were otherwise good but compared to previous year were weakened by the boom of digital TV sets and set-top boxes during 2007. The same phenomenon burdened Hobby Hall's sales, which were down by 22 per cent, 22 per cent in Finland and 21 per cent abroad.

Sales figures in August

August January-August January- December

changechange
20082007perc.20082007perc.2007
EUREUR08/07EUREUR08/07EUR
mill.mill.mill.mill.mill.
Department Store67.465.92.3533.7518.03.0871.8
Division, Finland Department Store 25.1 24.1 4.2 223.7 202.0 10.8 346.3 Division, international operations Department Store 92.6 90.0 2.8 757.4 720.0 5.2 1 218.1 Division, total
Lindex, Finland7.10.050.10.07.3
Lindex,53.70.0384.90.060.8
international operations
Lindex, total60.80.0435.00.068.1
Hobby Hall, Finland12.916.5-21.898.9105.6-6.3168.5
Hobby Hall,2.63.2-20.521.924.8-11.638.0
international operations
Hobby Hall, total15.419.7-21.6120.8130.4-7.3206.5
Seppälä, Finland10.59.510.576.177.8-2.2123.1
Seppälä,6.64.935.039.130.926.451.6
international operations
Seppälä, total17.114.418.9115.2108.76.0174.7
Real estate +0.10.1-12.70.50.6-10.20.8
others Operations in 97.9 91.9 6.5 759.3 701.9 8.2 1 171.5 Finland, total International 88.0 32.3 172.9 669.6 257.7 159.8 496.8 operations, total Stockmann total 185.9 124.2 49.7 1 428.9 959.6 48.9 1 668.3

Sales by Lindex reported as from December 6, 2007.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION OMX Nordic Exchange Helsinki Principal media





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