Helsinki, Finland, 2015-03-12 15:15 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 12.3.2015 at 16:15 EET
The Stockmann Group's sales amounted to EUR 99.5 million in February 2015. Sales were up 0.8 per cent on the previous year at comparable exchange rates. Euro-denominated sales were down by 6.4 per cent.
Stockmann Retail's sales were on a par with the previous year at comparable exchange rates. Euro-denominated sales were down by 7.6 per cent.
In Finland, sales development was better than during many previous months, especially in the fashion and home merchandise areas. In total, sales were down by 1.1 per cent in Finland. Sales in the online store stockmann.com were up 25.3 per cent.
In international operations, sales were up 1.5 per cent at comparable exchange rates. Euro-denominated sales were down by 22.6 per cent. In Russia, sales were at the previous year's level in roubles, but euro-denominated sales were down by 34.1 per cent. In the Baltic countries, sales were up.
Fashion Chains' sales were up 2.7 per cent at comparable exchange rates. Euro-denominated sales were down by 4.6 per cent.
Lindex's sales at comparable exchange rates were up 5.2 per cent. Sales increased in all other markets than in the Baltic countries and in Poland. Euro-denominated sales were on a par with the previous year. Seppälä's comparable* sales were down 14.5 per cent and euro-denominated sales were down 19.7 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 February
1-2/2015 EUR mill.
Stockmann Retail, Finland
Stockmann Retail, total
Fashion Chains, Finland
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