Stockmann Group's revenue in December and for full year 2012

Helsinki, Finland, 2013-01-09 08:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 9.1.2013 at 9:00 EET

The Stockmann Group’s preliminary revenue in December increased by 1,9 per cent and was EUR 250.3 million.

The Department Store Division’s revenue increased by 3.0 per cent. Revenue for department stores and Stockmann online store in Finland was up 2.8 per cent. The division’s total revenue in Finland was up 0.7 per cent due to Hobby Hall’s weak sales. Revenue in international operations was up 8.8 per cent. The euro-denominated revenue in Russia increased by 13.1 per cent in the department stores and by 8.2 per cent in total, when including the Bestseller franchising stores which were closed down by the end of 2012.

Fashion Chain Division’s revenue was on par with the previous year; down 8.1 in Finland and up 2.5 per cent in international operations. Lindex’s euro-denominated revenue was up 1.9 per cent. The development was weak in the main markets and as a result, revenue in local currencies was down 3.4 per cent. Outside the Nordic countries strong growth continued. Seppälä’s revenue was down 7.9 per cent. As in the previous months, revenue was down in Finland and Russia and up in the Baltic countries.

Share of international operations exceeds half of the full year's revenue

The Stockmann Group's preliminary revenue for the full year 2012 increased by 5.6 per cent to EUR 2 116.9 million. This was the first year in Stockmann’s history when revenue from international operations was higher than revenue from Finland. International operations accounted for 50.5 per cent of the total in 2012.

Revenue in 2012 was up 5.3 per cent in the Department Store Division with international operations growing by 12.2 per cent and operations in Finland growing by 2.3 per cent. Revenue in the Fashion Chain Division was up 6.0 per cent, with Lindex growing by 7.5 per cent, and Seppälä’s revenue on a par with 2011. Lindex’s revenue in local currencies was up 2.8 per cent with growth in all markets except in Norway.

Stockmann will publish its financial statement bulletin on 13 February 2013 at 8 a.m. EET. The company’s full financial statements and an electronic version of the Annual Report 2012 will be published in the week starting on 25 February 2013. The monthly revenue releases for 2013 will be published on or around the 9th working day of the following month.

Revenue (exclusive of VAT) in December

  12/2012 Change 1-12/2012 Change
  EUR mill. % EUR mill. %
Department Store Division, Finland 110.7 0.7 881.0 2.3
Department Store Division, international operations 47.9 8.8 421.4 12.2
Department Store Division, total 158.6 3.0 1 302.4 5.3
Fashion Chain Division, Finland 19.5 -8.1 167.3 1.8
Fashion Chain Division,
international operations
72.2 2.5 646.7 7.2
Fashion Chain Division, total 91.7 0.0 814.0 6.0
Other operations 0.0   0.5  
Operations in Finland, total 130.2 -0.8 1 048.8 2.2
International operations, total 120.1 4.9 1 068.1 9.1
Stockmann total 250.3 1.9 2 116.9 5.6

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