Stockmann Group's sales in May 2016

STOCKMANN plc, Company Announcement 13.6.2016 at 13:00 EET

The Stockmann Group's sales in May were down by 2.7 per cent and amounted to EUR 97.7 million in continuing product areas and businesses.

Stockmann Retail's sales in continuing product areas and businesses were down by 12.6 per cent. In Finland, sales were down by 13.9 per cent with a decline in all department stores. The renewal works which will continue the entire summer in the department store in Helsinki city centre, affected the sales negatively. In the Baltic countries, sales were down by 3.9 per cent.

Lindex's sales were up 6.8 per cent at comparable exchange rates. Sales increased particularly in the main markets Sweden and Norway, and also in the Baltic countries. Euro-denominated sales, excluding Russia, were up 4.8 per cent. The last remaining Lindex stores in Russia were closed during May.

Sales (exclusive of VAT) in May

EUR mill.
Change-%* 1-5/2016
EUR mill.
Stockmann Retail, Finland 32.1 -13.9 183.4 -9.4
Stockmann Retail, international operations 5.5 -3.9 34.6 -4.5
Stockmann Retail, total 37.5 -12.6 218.0 -8.6
Lindex, total 60.2 4.8 239.5 3.8
Group, Finland, total 39.1 -11.4 209.9 -8.3
Group, international operations, total 58.6 4.2 247.6 3.0
Stockmann Group, total* 97.7 -2.7 457.5 -2.5

*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retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).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 May 2016 were EUR 104.8 million, including Hobby Hall and Lindex stores in Russia. In May 2015, sales were EUR 126.7 million, including also Russian retail operations 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, Interim CEO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558


Nora Malin
Director, Corporate Communications

Nasdaq Helsinki
Principal media