STOCKMANN plc STOCK EXCHANGE RELEASE March 9, 2006, at 10.30
STOCKMANN GROUP'S SALES IN FEBRUARY 2006
The Stockmann Group's sales in February were EUR 132.5 million.
Consolidated sales, eliminating the divested Zara business in Russia, were
up 7.0 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 carrying 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 5.4 per cent. Sales by Stockmann Auto are included in Group
sales for the last time in February and will be left out as from March 1,
2006, following the divestment of the division.
In February, Stockmann Auto's sales grew by 23 per cent.
Sales by the Department Store Division, eliminating the Zara business in
Russia, grew by 11 per cent. Sales in Finland rose by 6 per cent and sales
abroad by 30 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. Sales abroad were lifted by strong like-for-
like growth in sales in all market areas as well as the building out of
the Bestseller chain in Russia. If the divested Zara business in Russia is
not eliminated from the Department Store Division's comparative figures,
the division posted sales growth of 7 per cent and growth in sales abroad
of 13 per cent.
Seppälä's sales were down 4 per cent in February. Sales in Finland were
down 12 per cent because, differently from the previous year, the sale at
reduced prices took place mainly in January. Seppälä's sales abroad grew
by 43 per cent. This is attributable especially to the building out of the
store network in Russia and Lithuania.
Hobby Hall's sales were down 21 per cent due to the different timing of
campaigns compared with the previous year. Hobby Hall's sales in Finland
were down 22 per cent and abroad down 15 per cent.
Sales figures in February
February January-February January-
Department Store 17.8 13.7 29.5 40.8 30.8 32.3 227.0
Department Store 73.5 66.5 10.6 156.3 138.0 13.2 1024.1
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 Zara business in Russia that were transferred to Inditex.
Counting in the sales by the Zara stores in Russia, the growth figures in
per cent for January-February 2006 are as follows:
Department Store Division, international operations
Department Store Division, total
Helsinki Stock Exchange