Stockmann Group's sales in October 2015

Helsinki, Finland, 2015-11-12 11:30 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 12.11.2015 at 12:30 EET

The Stockmann Group's sales amounted to EUR 170.2 million in October 2015. Stockmann has during the year divested Seppälä and the Academic Bookstore and withdrawn from own electronics offering in its department stores. Sales, excluding these businesses, were up by 0.3 per cent at comparable exchange rates. Due to the very weak Russian rouble, euro-denominated sales excluding Seppälä, books and electronics were down by 6.5 per cent. October had one sales day less than in the previous year in Finland due to the timing of All Saints' Day.

Stockmann Retail
Stockmann Retail's sales, excluding books and electronics in the department stores, were down by 2.7 per cent at comparable exchange rates. The Crazy Days campaign succeeded well with a growth of 4.0 per cent in comparable terms. Due to the weak Russian rouble, euro-denominated sales in October, excluding books and electronics, were down by 11.1 per cent.

In Finland, department stores’ sales excluding books and electronics were down by 4.6 per cent. Including these product areas and Hobby Hall, sales were down by 16.2 per cent.

In international operations sales were up by 3.5 per cent at comparable exchange rates. Sales were up in rouble in Russia, but down in the Baltic countries. Due to the weak Russian rouble, euro-denominated sales were down by 19.5 per cent.

Lindex's sales were up 7.8 per cent at comparable exchange rates. Sales increased in all markets except in Russia and Poland where Lindex has closed stores during the year. Euro-denominated sales were up 4.1 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 October

EUR mill.
Change-% 1-10/2015
EUR mill.
Stockmann Retail, Finland 73.6 -16.2 508.4 -10.7
Stockmann Retail,
international operations
39.3 -19.5 223.9 -20.3
Stockmann Retail, total 112.9 -17.4 732.3 -13.9
Lindex, total 57.3 4.1 522.9 -1.2
Operations in Finland, total* 79.5 -19.5 578.2 -15.0
Operations in Finland, excl. Seppälä 79.5 -15.1 566.3 -9.8
International operations, total* 90.7 -9.2 693.1 -10.7
International operations, excl. Seppälä 90.7 -7.4 688.9 -8.4
Stockmann, total* 170.2 -14.3 1 271.3 -12.7
Stockmann, total excl. Seppälä 170.2 -11.2 1 255.2 -9.0

* 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


Nora Malin
Director, Corporate Communications

Nasdaq Helsinki
Principal media