Tiimari Plc Stock Exchange Release 7 December 2011 at 11.00
TIIMARI GROUP'S NET SALES IN NOVEMBER 2011 (preliminary)
Tiimari Group's sales in November amounted to EUR 10.4 million (EUR 9.5 million), which was approximately 9.6 % higher than in November last year. Tiimari chain’s sales amounted to EUR 8.5 million, which was approximately 6.2 % higher than in November last year. The positive sales development took place especially in Finland, where succeeded both in decisions of product range and in marketing activities. In addition, all major product deliveries actualized in time in November. The discounted sales continued but their share of total sales was lower than in previous months.
Gallerix chain's sales in Euros amounted to EUR 1.9 million, which was approximately 28.1 % higher than in November last year. In local currency, Gallerix chain’s growth in sales was 25.0 %. Gallerix chain's sales growth was mainly due to the growth in the number of own Gallerix stores in relation to the number of franchise stores.
Tiimari Group's eleven-month cumulative sales amounted to EUR 61.7 million, which was EUR 0.2 million and 0.4 % lower than the cumulative sales during the same period last year. Cumulative sales in Finland amounted to EUR 45.1 million, which was approximately EUR 2.1 million and 4.4 % lower than the cumulative sales during the same period last year. Cumulative sales in Euros in Sweden amounted to EUR 14.2 million, which was approximately EUR 2.0 million and 16.2 % higher than the cumulative sales during the same period last year. In local currency, the cumulative sales in Sweden increased by 9.3 % compared to the cumulative sales during the same period last year. In other countries, the cumulative sales amounted to EUR 2.4 million, which was approximately EUR 0.1 million and 4.5 % lower than the cumulative sales during the same period last year.
Tiimari Group's sales in November 2011 (preliminary)
| monthly sales | accumulated sales | ||||||
| 11/2011 | 11/2010 | chg | 1-11/2011 | 1-11/2010 | chg | 1-12/2010 | |
| Tiimari | 8 535 | 8 035 | 6,2% | 47 585 | 50 029 | -4,9% | 61 889 |
| Gallerix | 1 870 | 1 460 | 28,1% | 14 065 | 11 857 | 18,6% | 13 904 |
| Total | 10 405 | 9 496 | 9,6% | 61 650 | 61 886 | -0,4% | 75 792 |
| Finland | 8 217 | 7 697 | 6,7% | 45 094 | 47 186 | -4,4% | 58 379 |
| Sweden | 1 886 | 1 468 | 28,5% | 14 155 | 12 186 | 16,2% | 14 258 |
| Other countries | 303 | 330 | -8,3% | 2 401 | 2 515 | -4,5% | 3 156 |
| Total | 10 405 | 9 496 | 9,6% | 61 650 | 61 886 | -0,4% | 75 792 |
Niila Rajala
Managing Director
Tiimari Plc
Further information:
Managing Director Niila Rajala
tel. + 358 (0)3 812911, e-mail: niila.rajala@tiimari.fi
Chief Financial Officer Jarmo Kanervo
tel. +358 (0)3 812911, e-mail: jarmo.kanervo@tiimari.fi
Distribution: NASDAQ OMX Helsinki
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Tiimari Plc is a listed company. The group consists of two retail shop concepts: Tiimari and Gallerix. These two concepts do business in five countries within the Baltic Sea region and there are altogether nearly 300 shops. All concepts belong to the forerunners of their market segment.