Helsinki, Finland, 2015-02-13 07:00 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 13.2.2015 at 8:00 EET
In 2015, Stockmann will publish a monthly sales release in which merchandise sales, exclusive VAT, in the Stockmann Retail and Fashion Chains divisions will be reported. Revenue of the new Real Estate division, which consists of rental income, and the Group's other operating income will be reported in the interim reports.
The Stockmann Group's sales amounted to EUR 119.4 million in January 2015. Sales were down by 5.7 per cent on the previous year at comparable exchange rates. Euro-denominated sales were down by 14.3 per cent.
Stockmann Retail's sales were down by 7.6 per cent at comparable exchange rates. Euro-denominated sales were down by 17.1 per cent. Sales were down by 9.8 per cent in Finland. Sales in the Helsinki capital area department stores were strongly affected by the declining tax-free sales due to a low number of Russian tourists. Sales in the online store stockmann.com were up 21.7 per cent.
In international operations, sales were down by 2.2 per cent at comparable exchange rates. Euro-denominated sales were down by 29.7 per cent. In Russia, sales increased slightly in roubles, but euro-denominated sales were down by 38.1 per cent. In the Baltic countries, sales were down. In 2014, sales were exceptional strong when Latvia joined the euro.
Fashion Chains' sales were down by 2.8 per cent at comparable exchange rates. Euro-denominated sales were down by 9.9 per cent. Lindex's sales at comparable exchange rates were up 2.0 per cent. Sales increased in all other markets than in the Baltic countries and in Russia. Euro-denominated sales were down by 5.6 per cent. Seppälä's comparable* sales were down by 18.3 per cent and euro-denominated sales were down by 31.7 per cent. Seppälä will continue as part of the Stockmann Group until 1 April 2014.
The Group's sales figures include merchandise sales exclusive VAT in Stockmann Retail's and Fashion Chains' stores. The figure does not include other operating income such as rental income or service fees.
* Comparable sales = Sales at comparable exchange rates excluding closed and opened stores over the past 12 months.
Sales (exclusive of VAT) in January
Stockmann Retail, Finland
Stockmann Retail, international operations
Stockmann Retail, total
Fashion Chains, Finland
Fashion Chains, international operations
Fashion Chains, total
Operations in Finland, total
International operations, total
Change-%: change compared with the corresponding period of the previous year.
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558