STOCKMANN plc, Company Announcement 13.6.2016 at 13:00 EET
The Stockmann Group's sales in May were down by 2.7 per cent and amounted to EUR
97.7 million in continuing product areas and businesses.
Stockmann Retail's sales in continuing product areas and businesses were down by
12.6 per cent. In Finland, sales were down by 13.9 per cent with a decline in
all department stores. The renewal works which will continue the entire summer
in the department store in Helsinki city centre, affected the sales negatively.
In the Baltic countries, sales were down by 3.9 per cent.
Lindex's sales were up 6.8 per cent at comparable exchange rates. Sales
increased particularly in the main markets Sweden and Norway, and also in the
Baltic countries. Euro-denominated sales, excluding Russia, were up 4.8 per
cent. The last remaining Lindex stores in Russia were closed during May.
Sales (exclusive of VAT) in May
5/2016 Change-%* 1-5/2016 Change-%*
EUR mill. EUR mill.
Stockmann Retail, 32.1 -13.9 183.4 -9.4
Finland
Stockmann Retail, 5.5 -3.9 34.6 -4.5
international
operations
Stockmann Retail, 37.5 -12.6 218.0 -8.6
total
Lindex, total 60.2 4.8 239.5 3.8
Group, Finland, total 39.1 -11.4 209.9 -8.3
Group, international 58.6 4.2 247.6 3.0
operations, total
Stockmann Group, 97.7 -2.7 457.5 -2.5
total*
*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product areas the company has withdrawn from in department stores (electronics,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 May 2016 were EUR 104.8 million, including Hobby Hall
and Lindex stores in Russia. In May 2015, sales were EUR 126.7 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, Interim CEO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558
www.stockmanngroup.com
STOCKMANN plc
Nora Malin
Director, Corporate Communications
Distribution:
Nasdaq Helsinki
Principal media