STOCKMANN plc STOCK EXCHANGE RELEASE December 12, 2006, at 14.00
STOCKMANN GROUP'S SALES IN NOVEMBER 2006
The Stockmann Group's sales in November were EUR 130.8 million.
Consolidated sales, eliminating the Zara business in Russia that was
divested as from January 1, 2006, and the Stockmann Auto business that was
transferred to new owners on March 1, 2006, were up 3 per cent.
In November, the best growth in sales was reported by Seppälä whose sales
were up 8 per cent. Seppälä's sales in Finland were down one per cent
while the division's sales abroad grew by 51 per cent. The vigorous growth
in sales by international operations was attributable to strong like-for-
like sales and the expansion of the store network in Lithuania and Russia.
Sales by the Department Store Division were up 5 per cent. Sales were up 3
per cent in Finland and 14 per cent abroad. In Russia the division's
November sales were hampered by customs problems in connection with the
import of goods.
Hobby Hall's sales were down 8 per cent. Sales were down 11 per cent in
Finland and up 15 per cent abroad. The decrease in sales in Finland was
attributable to the catalogue program that was different than last year.
The growth in sales by international operations was contributed by the
opening of Hobby Hall's online store in Latvia.
Sales figures in November and in January-November
November January-November January-
Department Store 23.4 20.5 14.1 252.3 197.0 28.1 227.0
Department Store 94.6 90.0 5.2 979.3 888.5 10.2 1 024.1
* The figures for 2005 do not include the Zara business in Russia that was
sold at the turn of the year nor the March-December sales by the Stockmann
Auto division that was divested at the beginning of March 2006. If the
sales in 2005 by Zara Russia and Stockmann Auto are included in the
comparison figures, the change of sales in per cent was:
Department Store Division,
Department Store Division, total
Operations in Finland, total
International operations, total
Helsinki Stock Exchange