Stockmann Group's sales in July 2016

STOCKMANN plc, Company Announcement 12.8.2016 at 08:00 EET

The Stockmann Group's sales in July were down by 9.7 per cent and amounted to EUR 88.0 million in continuing product areas and businesses.

Stockmann Retail's sales in continuing product areas and businesses were down by 13.8 per cent. Sales were down by 15.3 per cent in Finland. 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 6.5 per cent.

Lindex's sales were down by 7.1 per cent at comparable exchange rates. Sales decreased due to lower number of visitors and exceptionally strong sales in the previous year. Euro-denominated sales were down by 6.9 per cent.

Sales (exclusive of VAT) in July

EUR mill.
Change-%* 1-7/2016
EUR mill.
Stockmann Retail, Finland 27.8 -15.3 242.4 -11.0
Stockmann Retail, international operations 6.2 -6.5 47.0 -4.2
Stockmann Retail, total 34.0 -13.8 289.5 -10.0
Lindex, total 54.0 -6.9 357.1 1.7
Group, Finland, total 34.6 -13.4 282.3 -9.7
Group, international operations, total 53.5 -7.1 364.3 1.2
Stockmann Group, total* 88.0 -9.7 646.6 -3.9

*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retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).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 July 2016 were EUR 92.8 million, including Hobby Hall. In July 2015, sales were EUR 121.1 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