Stockmann Group's sales in May 2015

Helsinki, Finland, 2015-06-11 13:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 11.6.2015 at 14:00 EET

The Stockmann Group's sales amounted to EUR 126.7 million in May 2015. Sales were down by 12.5 per cent on the previous year at comparable exchange rates. Euro-denominated sales were down by 15.3 per cent. May had one sales day less than in the previous year in many units due to the timing of Whit Sunday.

Stockmann Retail
Stockmann Retail's sales were down by 10.1 per cent at comparable exchange rates. Euro-denominated sales were down by 12.8 per cent

In Finland, sales were down by 11.7 per cent. The decline was partly due to withdrawing from the own electronics product category. In women’s, men’s and children’s fashion Stockman’s sales were above the general market development.

In international operations, sales were down by 5.5 per cent at comparable exchange rates. Euro-denominated sales were down by 15.6 per cent due to the weak rouble.

Fashion Chains
Lindex's sales were down by 2.8 per cent at comparable exchange rates. Sales were up in eastern Central Europe but declined in the main market areas in line with the general market development, mainly due to calendar effect and the exceptionally cold weather. Euro-denominated sales were down by 6.4 per cent.

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.

Sales (exclusive of VAT) in May

EUR mill.
Change-% 1-5/2015
EUR mill.
Stockmann Retail, Finland 49.3 -11.7 265.3 -9.2
Stockmann Retail,
international operations
18.1 -15.6 115.0 -18.3
Stockmann Retail, total 67.4 -12.8 380.3 -12.2
Lindex, total 59.0 -6.4 236.5 -4.4
Operations in Finland, total 56.1 -19.5 303.7* -11.6
International operations, total 70.6 -11.6 328.9* -11.9
Stockmann total 126.7 -15.3 632.6* -11.8

* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.

Further information:
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558


Nora Malin
Director, Corporate Communications

Nasdaq Helsinki
Principal media