Helsinki, Finland, 2012-08-10 07:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 10.8.2012 at 8:00 EET
The Stockmann Group’s revenue in July was up 1.2 per cent to EUR 148.9 million.
The Department Store Division’s revenue was a par with the previous year. Summer sale campaigns were this year started earlier in June, which had a negative impact on the July revenue figures in all markets. In Finland revenue was down 1.4 per cent. In addition to timing of the sale, Hobby Hall distance retail business had a challenging month with electronics sales. Revenue in international operations was up 2.4 per cent. The euro-denominated revenue in Russia increased by 10.0 per cent in the department stores and by 5.4 per cent in total, when including the Bestseller franchising stores which will be closed down by the end of 2012.
The Fashion Chain Division’s revenue grew by 2.9 percent. The revenue was down 2.3 per cent in Finland and up 4.5 per cent in international operations. Lindex’s euro-denominated revenue was up 6.0 per cent mainly due to the strengthened Swedish krona. In local currencies revenue was on a par with the previous year. Revenue was up in all other markets except Sweden and Norway. Seppälä’s revenue was down 8.1 per cent due to weak summer sale campaigns in Finland and in particular in Russia. Revenue continued to grow in the Baltic countries.
Revenue (exclusive of VAT) in July
Department Store Division, Finland
Department Store Division, international operations
Department Store Division, total
Fashion Chain Division, Finland
Fashion Chain Division,
Fashion Chain Division, total
Operations in Finland, total
International operations, total
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