STOCKMANN GROUP SALES IN SEPTEMBER 2008

STOCKMANN plc Company Announcement 10.10.2008 at 9.00

STOCKMANN GROUP SALES IN SEPTEMBER 2008

In September, Stockmann Group's consolidated sales grew by 42 per cent to EUR 184.1 million. The growth was attributable to including Lindex's sales in the Stockmann Group's figures and the growth of sales in Seppälä.

Seppälä's total sales increased by 7 per cent. Sales grew by 5 per cent in Finland and by 9 per cent abroad.

Lindex's sales were on a par with last year.

Department Store Division's sales decreased by 8 per cent. Sales in Finland decreased by 8 per cent and sales abroad by 10 per cent. The sales during last week of September was weak in the Finnish market. Sales abroad decreased because of 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 other department stores in Moscow developed very well (comparable growth 30 per cent) and exceeded during two weekends already clearly the sales of the previous year with Smolensky Passage store included in the comparison figure.

Sales of Hobby Hall decreased by 4 per cent, 4 per cent in Finland and 3 per cent abroad. Hobby Hall's sales is affected by a weaker sales of digital TV sets and set top boxes compared to the digitalization boom in 2007 and the strong price erosion of the same product group.

Sales figures in September

September January-September January- December

changechange
20082007perc.20082007perc.2007
EUREUR08/07EUREUR08/07EUR
mill.mill.mill.mill.mill.
Department Store62.868.0-7.6596.5586.01.8871.8
Division, Finland Department Store 26.8 29.7 -9.6 250.6 231.7 8.1 346.3 Division, international operations Department Store 89.7 97.7 -8.2 847.1 817.7 3.6 1 218.1 Division, total
Lindex, Finland6.50.056.60.07.3
Lindex,55.50.0440.40.060.8
international operations
Lindex, total62.00.0496.90.068.1
Hobby Hall, Finland13.514.1-4.2112.4119.7-6.1168.5
Hobby Hall,3.03.1-2.724.927.8-10.638.0
international operations
Hobby Hall, total16.517.2-4.0137.3147.5-6.9206.5
Seppälä, Finland10.19.65.286.287.4-1.3123.1
Seppälä,5.75.29.444.836.224.051.6
international operations
Seppälä, total15.814.96.7131.1123.66.1174.7
Real estate +0.10.1-12.40.60.6-10.50.8
others Operations in 93.0 91.8 1.3 852.3 793.8 7.4 1 171.5 Finland, total International 91.0 38.0 139.6 760.7 295.7 157.2 496.8 operations, total Stockmann total 184.1 129.8 41.8 1 613.0 1 089.5 48.1 1 668.3

Sales by Lindex reported as from December 6, 2007.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION NASDAQ OMX Principal media





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