STOCKMANN GROUP'S SALES IN APRIL

STOCKMANN plc STOCK EXCHANGE BULLETIN May 12, 2003, 10.30 a.m.

STOCKMANN GROUP'S SALES IN APRIL

In April, the Stockmann Group's sales were up 9 per cent. Due to Easter, the number of selling days in Finland fell one day short of that in April 2002. Sales by the Vehicle Division continued growing extremely strongly and were up as much as 43 per cent. Sales by the Department Store Division were up 2 per cent, thanks to the successful Crazy Days campaign in particular, whereas sales by Hobby Hall and Seppälä fell short of last year's figures. Sales by Hobby Hall were down 15 per cent on the previous year owing to e.g. the fact that the catalogue scheduling was different from that of April 2002. Sales by Seppälä were down 11 per cent on the figures last year. Seppälä has the stocks of merchandise well under control. Therefore Seppälä has been able to avoid taking part in bargain sale campaigning caused by the decrease in demand.

Sales figures in April and in January-April

April January-April January- December

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media