Stockmann Group's revenue in January 2012

Helsinki, Finland, 2012-02-09 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 9.2.2012 at 8:00 EET

The Stockmann Group’s revenue in January increased by 9.8 per cent and was EUR 151.0 million.

The Department Store Division’s revenue increased by 9.9 per cent. Revenue was up 2.9 per cent in Finland due to lower level of merchandise on sale compared to 2011. Revenue in international operations was up 24.3 per cent. Good performance continued both in Russia and the Baltic countries, with the strongest growth in the St Petersburg department store.

Lindex’s euro-denominated revenue was up 7.5 per cent; up 9.1 per cent in Finland and 7.3 per cent in international operations. Strong growth continued in all countries except in Sweden where performance was on a par with the previous year.

Seppälä’s revenue was up 18.7 per cent. Revenue grew by 15.4 per cent in Finland and by 24.4 per cent in international operations. Sales performance was strongest in the Baltic countries. This year the merchandise arrived in time to the stores in all markets.

Revenue (exclusive of VAT) in January

  1/2012 Change    
  EUR mill. %    
Department Store Division, Finland 61.1 2.9    
Department Store Division, international operations 35.7 24.3    
Department Store Division, total 96.8 9.9    
Lindex, Finland 5.1 9.1    
Lindex, international operations 37.9 7.3    
Lindex, total 42.9 7.5    
Seppälä, Finland 7.0 15.4    
Seppälä, international operations 4.2 24.4    
Seppälä, total 11.3 18.7    
Operations in Finland, total 73.2 4.4    
International operations, total 77.8 15.4    
Stockmann total 151.0 9.8    

Change-%: change compared with the corresponding period of the previous year.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351


Hannu Penttilä

Principal media