Stockmann Group's sales in November 2016

STOCKMANN plc, Company Announcement 13.12.2016 at 12:00 EET

The Stockmann Group's sales in November were down by 7.0 per cent and amounted to EUR 90.9 million in continuing product areas and businesses.

Stockmann Retail's sales in continuing product areas and businesses were down by 11.5 per cent. Sales were down by 13.1 per cent in Finland and by 1.8 per cent in the Baltic countries. Sales developed best in the Riga department store and weakest in the Oulu store.

Lindex's sales were at the previous year’s level at comparable exchange rates. Sales grew in Sweden and the Baltic countries, but declined particularly in Finland. Euro-denominated sales were down by 2.7 per cent.

Sales (exclusive of VAT) in November

EUR mill.
Change-%* 1-11/2016
EUR mill.
Stockmann Retail, Finland 35.5 -13.1 395.2 -10.8
Stockmann Retail, international operations 6.8 -1.8 76.9 -2.6
Stockmann Retail, total 42.3 -11.5 472.1 -9.6
Lindex, total 48.6 -2.7 559.8 -0.4
Group, Finland, total 40.8 -12.2 457.7 -9.7
Group, international operations, total 50.1 -2.3 574.2 -0.6
Stockmann Group, total* 90.9 -7.0 1 031.9 -4.8

*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retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).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 November 2016 were EUR 98.7 million, including Hobby Hall. In November 2015, sales were EUR 118.0 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, 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