STOCKMANN plc STOCK EXCHANGE RELEASE February 8, 2006, at 13.00
THE STOCKMANN GROUP'S SALES IN JANUARY 2006
The Stockmann Group's sales in January were EUR 156.2 million. Consolidated
sales, eliminating the divested Zara business in Russia, were up 11.4 per cent.
The Zara business will be carried on in Russia for the account of Inditex of
Spain as from January 1, 2006, providing that the sale of the subsidiary
on the Zara business in Russia closes, in accordance with the terms and
conditions of the deal, during the spring. Counting in the sales in 2005 of the
Zara stores in Russia, the Group's sales grew by 10 per cent. Sales by Stockmann
Auto are included in Group sales during January-February and will be
as from March 1, 2006, providing that the competition authorities approve the
sale of Stockmann Auto and certain of its businesses prior to this date.
Seppälä's sales grew by 17 per cent. Sales in Finland rose by 7 per cent and
sales abroad by a hefty 81 per cent. The strong growth in sales abroad is
attributable to both the building out of the store network and to very strong
like-for-like growth in all market areas.
Sales by the Department Store Division, eliminating the Zara business in Russia,
grew by 16 per cent. Sales in Finland rose by 10 per cent and sales abroad by 35
per cent. Sales in Finland were lifted by the new department store that was
opened in the Jumbo Shopping Centre in Vantaa, near Helsinki, in October 2005
by strong like-for-like growth in sales abroad in all market areas. If the
divested Zara business in Russia is not eliminated from the Department Store
Division's comparative figures, the division posted sales growth of 13 per cent
and growth in sales abroad of 20 per cent.
Stockmann Auto's sales grew by 11 per cent.
Hobby Hall's sales were down 7 per cent, largely due to the different timing of
campaigns compared with the previous year. Hobby Hall's sales in Finland were
down one per cent and abroad down 26 per cent.
Sales figures in January
Department Store Division, Finland
Department Store Division, international 23.0
Department Store Division, total*
Hobby Hall, Finland
Hobby Hall, international operations
Hobby Hall, total
Seppälä, international operations
Real estate + others
Operations in Finland, total
International operations, total*
In the column "change, per cent", are presented the percentual changes on the
corresponding period in the previous year.
* The comparative figures are presented with the elimination of the divested
business in Russia that were transferred to Inditex. Counting in the sales by
Zara stores in Russia, the growth figures in per cent for January 2006 are as
Department Store Division, international operations
Department Store Division, total
Helsinki Stock Exchange