STOCKMANN GROUP'S SALES IN JANUARY

STOCKMANN plc STOCK EXCHANGE BULLETIN February 12, 2003, 12.45 p.m.

STOCKMANN GROUP'S SALES IN JANUARY

In January the Stockmann Group's sales were up 8 per cent on the previous year. In Finland the month had one sales day less than a year ago. The sales by the Vehicle Division (up 20 per cent) and Seppälä (up 15 per cent) grew especially vigorously. The change in the vehicle tax structure has boosted the demand and the order bookings for new cars have increased markedly. Hobby Hall's sales were up 5 per cent and Department Store Division's sales up one per cent. The Department Store Division's sales include sales by the Zara store opened in April 2002 and sales by the two Stockmann Beauty stores opened in the autumn. Weakening of the US dollar - the pricing currency in Stockmann stores in Russia - against the euro has a reducing effect on the euro-denominated sales of the Department Store Division despite the clear growth in the dollar-denominated sales in Russia.

Sales figures in January

January January- December

STOCKMANN plc

Hannu Penttilä Managing Director

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