STOCKMANN plc, Company Announcement 12.9.2016 at 10:30 EET
The Stockmann Group's sales in August were up 0.2 per cent and amounted to EUR
86.8 million in continuing product areas and businesses.
Stockmann Retail's sales in continuing product areas and businesses were down by
5.1 per cent. Sales grew in the largest product area, fashion, but declined in
other product areas. Sales were down by 6.7 per cent in Finland. The renewal
works which continued the entire summer in the department store in Helsinki city
centre affected the sales negatively. In the Baltic countries, sales were up 4.1
per cent due to good performance in both Tallinn and Riga department stores.
Lindex's sales were up 2.2 per cent at comparable exchange rates. Sales
increased in all Nordic countries, particularly in Norway. Euro-denominated
sales were up 4.1 per cent.
Sales (exclusive of VAT) in August
8/2016 Change-%* 1-8/2016 Change-%*
EUR mill. EUR mill.
Stockmann Retail, 28.5 -6.7 271.0 -10.6
Finland
Stockmann Retail, 5.5 4.1 52.5 -3.4
international
operations
Stockmann Retail, 34.0 -5.1 323.5 -9.5
total
Lindex, total 52.7 4.1 409.8 2.0
Group, Finland, total 34.9 -5.3 317.2 -9.3
Group, international 51.8 4.3 416.1 1.6
operations, total
Stockmann Group, 86.8 0.2 733.3 -3.4
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product areas the company has withdrawn from in department stores (electronics,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 August 2016 were EUR 92.9 million, including Hobby
Hall. In August 2015, sales were EUR 106.1 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, 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