Helsinki, Finland, 2015-09-11 13:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 11.9.2015 at 14:00 EET
The Stockmann Group's sales amounted to EUR 106.0 million in August 2015. Unusually warm weather affected sales in both Stockmann Retail and Lindex. At comparable exchange rates, sales excluding Seppälä were down by 10.3 per cent. The Russian rouble weakened in August by 52.3 per cent compared on the previous year. As a result, euro-denominated sales excluding Seppälä were down by 15.9 per cent.
Stockmann Retail's sales were down by 14.5 per cent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales were down by 20.8 per cent.
In Finland, sales were down by 17.4 per cent. The decline was partly due to withdrawing from the own electronics product category. Excluding electronics, department stores’ sales were down 10 per cent. Despite the decline, sales in women’s, men’s and children’s fashion were above the general fashion market development in Finland.
In international operations, sales were down by 5.9 per cent at comparable exchange rates. In the Baltic countries, sales declined, but in Russia, sales in rouble were on a par with the previous year. Due to the significantly weaker Russian rouble, euro-denominated sales were down by 28.5 per cent.
Lindex's sales were down by 6.4 per cent at comparable exchange rates. The warm weather had a clear impact on the sales in the main markets. However, Lindex’s sales developed better than the general clothing market in Sweden. Euro-denominated sales were down by 9.9 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 August
1-8/2015 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 excl. Seppälä
* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.
Further information: Lauri Veijalainen, CFO, tel. +358 9 121 5062 Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558