Stockmann Group's sales in February 2016

STOCKMANN plc, Company Announcement 10.3.2016 at 15:00 EET

The Stockmann Group's sales in February were down by 2.9 per cent and amounted to EUR 72.1 million in the continuing product areas and businesses. The Group’s total sales in February were EUR 77.9 million. Due to the leap year, February had one sales day more than in the previous year.

Stockmann Retail's sales in the continuing product areas and businesses were down by 10.4 per cent. Sales grew in cosmetics but were down the most in the home product area. In Finland, sales were down by 11.0 per cent and by 6.5 per cent in the Baltic countries. Stockmann sold its department store business in Russia on 1 February 2016.

Lindex's sales were up 3.2 per cent at comparable exchange rates. Sales increased particularly in the main markets Sweden and Norway. Euro-denominated sales were up 2.7 per cent, or 5.0 per cent excluding Russia.

Sales (exclusive of VAT) in February

EUR mill.
Change-%* 1-2/2016
EUR mill.
Stockmann Retail, Finland 28.9 -11.0 % 62.4 -10.8 %
Stockmann Retail, international operations 5.4 -6.5 % 12.5 -7.2 %
Stockmann Retail, total 34.2 -10.4 % 74.8 -10.2 %
Lindex, total 37.9 5.0 % 82.2 6.7 %
Group, Finland, total 33.0 -10.0 % 71.5 -10.0 %
Group, international operations, total 39.1 4.0 % 85.6 5.6 %
Stockmann Group, total* 72.1 -2.9 % 157.1 -2.1 %

*Continuing product areas and businesses i.e. excluding Russian retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).

Stockmann’s total sales in February 2016 were EUR 77.9 million, including Hobby Hall. In February 2015, sales were EUR 99.5 million, including also Russian retail operations, Seppälä and discontinued product areas in department stores.

Change-%: change compared with the corresponding period of the previous year. The Group's sales figures include merchandise sales exclusive VAT in stores and department stores. The figures do not include other operating income such as rental income or service fees.

Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558


Per Thelin

Nasdaq Helsinki
Principal media