Profit warning: Stockmann Group’s adjusted operating result for 2022 expected to improve

STOCKMANN plc, Inside Information 19.7.2022 at 15:30 EET

Stockmann expects an increase in the Group’s revenue and that the adjusted operating result improves compared to previous year. Guidance is based on the assumption that there will be no major changes in consumer spending during the latter part of the year. Geopolitical instability in the world with high inflation and challenges in the supply chains and international logistics as well as the challenges of COVID-19 restrictions require that both divisions have to be adaptive and flexible to meet the future.

Previous guidance:
Stockmann expects an increase in the Group’s revenue and that the adjusted operating result will be clearly positive. Geopolitical instability in the world with high inflation and challenges in the supply chains and international logistics as well as the challenges of COVID-19 restrictions require that both divisions have to be adaptive and flexible to meet the future. (Interim Management Statement Q1 2022 published on 29 April 2022).

Stockmann will publish its Half year financial report for 2022 on 22 July 2022.

Further information:
Annelie Forsberg, CFO, tel. +46 706 43 00 59

www.lindex-group.com

STOCKMANN plc

Jari Latvanen
CEO

Distribution:
Nasdaq Helsinki
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