Helsinki, Finland, 2015-07-13 12:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 13.7.2015 at 13:00 EET
The Stockmann Group's sales amounted to EUR 129.7 million in June 2015. Excluding Seppälä, sales were down by 1.6 per cent on the previous year at comparable exchange rates. Euro-denominated sales excluding Seppälä were down by 6.1 per cent.
Stockmann Retail's sales were down by 8.4 per cent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales were down by 13.7 per cent.
In Finland, sales were down by 6.0 per cent. The decline was partly due to withdrawing from the own electronics product category and closing the Stockmann Beauty stores by the end of May. Sales in the fashion product category were up on the previous year, despite lower merchandise volume in the summer sale.
In international operations, sales were down by 14.0 per cent at comparable exchange rates. In the Baltic countries, the summer sale was started a week later than in 2014, which had a negative effect on the sales. Euro-denominated sales were down by 28.5 per cent due to the weak rouble.
Lindex's sales were up by 6.6 per cent at comparable exchange rates. Comparable sales were up in all countries. Euro-denominated sales were up by 3.4 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 June
1-6/2015 EUR mill.
Stockmann Retail, Finland
Stockmann Retail, total
Operations in Finland, total*
Operations in Finland, excl. Seppälä
International operations, total*
International operations, excl. Seppälä
Stockmann, total excluding Seppälä
* Includes Seppälä until 31 March 2015.
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