STOCKMANN GROUP’S SALES IN JANUARY

STOCKMANN plc STOCK EXCHANGE BULLETIN February 12, 2003, 12.45 p.m.

STOCKMANN GROUP’S SALES IN JANUARY

In January the Stockmann Group’s sales were up 8 per cent on the previous
year. In Finland the month had one sales day less than a year ago. The
sales by the Vehicle Division (up 20 per cent) and Seppälä (up 15 per
cent) grew especially vigorously. The change in the vehicle tax structure
has boosted the demand and the order bookings for new cars have increased
markedly. Hobby Hall’s sales were up 5 per cent and Department Store
Division’s sales up one per cent. The Department Store Division’s sales
include sales by the Zara store opened in April 2002 and sales by the two
Stockmann Beauty stores opened in the autumn. Weakening of the US dollar –
the pricing currency in Stockmann stores in Russia – against the euro has
a reducing effect on the euro-denominated sales of the Department Store
Division despite the clear growth in the dollar-denominated sales in
Russia.

Sales figures in January

January January-
December
2003 2002 Ind. 2002
EUR EUR 03/02 EUR
mill. mill. mill.

Department Store 67,3 66,5 101 811,1
Division
Vehicle Division 37,7 31,5 120 398,9
Hobby Hall 19,0 18,1 105 237,1
Seppälä 10,7 9,4 115 132,7
Real Estate+others 0,2 0,0 2,5
Stockmann total 135,0 125,5 108 1 582,3

STOCKMANN plc

Hannu Penttilä
Managing Director

DISTRIBUTION
Helsinki Exchanges
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