Stockmann Group's sales in June 2016

STOCKMANN plc, Company Announcement 12.7.2016 at 13:00 EET

The Stockmann Group's sales in June were down by 4.6 per cent and amounted to EUR 101.0 million in continuing product areas and businesses.

Stockmann Retail's sales in continuing product areas and businesses were down by 14.0 per cent. Sales were down by 16.3 per cent in Finland where the summer sales campaign was launched later than in the previous year. 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 at the previous year's level.

Lindex's sales were up 0.5 per cent at comparable exchange rates. Sales increased particularly in Norway. Euro-denominated sales were up 2.0 per cent.

Sales (exclusive of VAT) in June

EUR mill.
Change-%* 1-6/2016
EUR mill.
Stockmann Retail, Finland 31.2 -16.3 214.6 -10.5
Stockmann Retail, international operations 6.2 0.0 40.9 -3.8
Stockmann Retail, total 37.5 -14.0 255.5 -9.5
Lindex, total 63.6 2.0 303.1 3.4
Group, Finland, total 37.8 -14.1 247.7 -9.2
Group, international operations, total 63.2 2.2 310.8 2.8
Stockmann Group, total* 101.0 -4.6 558.5 -2.9

*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retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).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 June 2016 were EUR 106.6 million, including Hobby Hall. In June 2015, sales were EUR 129.7 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