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STOCKMANN GROUP’S SALES IN MAY 2004
STOCKMANN plc STOCK EXCHANGE RELEASE June 11, 2004, at 12.00
STOCKMANN GROUP’S SALES IN MAY 2004
In May, the Stockmann Group’s sales were down 4 per cent and amounted EUR
139.9 million. A good growth was reported by the Department Store Division
and Seppälä; the sales of both divisions were up 5 per cent. Sales of the
Vehicle Division and Hobby Hall, in turn, were clearly down on the
previous year – the Vehicle Division’s sales were down 11 per cent and
Hobby Hall’s sales 21 per cent.
Sales of the Department Store Division were down 1 per cent in Finland who
had one business day less than last year. Seppälä’s sales in Finland were
on a par with the previous year. The Department Store Division’s sales
abroad were up 38 per cent and Seppälä’s sales abroad up 89 per cent. The
Department Store Division’s sales abroad were contributed by the Riga
department store opened in October, as well as the new department store
opened in Moscow in April. Seppälä’s sales abroad were contributed by the
five stores opened in Riga, Latvia, in autumn 2003 and in spring 2004, as
well as by the store opened in Moscow in April. The main reason for the
decrease of the Vehicle Division’s sales was diminishing of the total
market and especially the trading car sales. The decrease in Hobby Hall’s
sales figures is due to the discontinuing of four stores last autumn, as
well as the timing of mail order catalogues which differed from the
previous year.
Sales figures in May and in January-May
May January-May January-
December
2004 2003 Ind. 2004 2003 Ind. 2003
Me Me 04/03 Me Me 04/03 Me
Department Store 54.6 55.0 99 282.5 265.9 106 706.7
Division, Finland*
Department Store 14.0 10.1 138 64.7 49.8 130 134.4
Division,
international
operations
Department Store 68.6 65.1 105 347.3 315.7 110 841.0
Division, total*
Vehicle Division 41.3 46.4 89 200.0 209.1 96 480.4
Hobby Hall 14.8 18.7 79 74.9 79.1 95 192.3
Division, Finland
Hobby Hall 3.0 4.0 75 16.3 18.5 88 43.5
Division,
international
operations
Hobby Hall 17.9 22.7 79 91.3 97.7 93 235.7
Division, total
Seppälä Division, 10.8 10.8 100 45.9 42.8 107 120.3
Finland
Seppälä Division, 1.2 0.6 189 4.9 3.2 153 10.0
international
operations
Seppälä Division, 12.0 11.4 105 50.8 46.0 110 130.3
total
Real estate + 0.1 0.1 0.4 0.4 0.9
others
Operations in 121.6 130.9 93 603.7 597.3 101 1 500.6
Finland, total*
International 18.2 14.8 123 86.0 71.5 120 187.8
operations, total
Stockmann total* 139.9 145.7 96 689.7 668.8 103 1 688.4
* The agency sales of newspaper and magazine subscriptions that were
divested in May have been eliminated from the sales figures for 2003. As
for January-May 2003, these sales stand for EUR 0.3 million, and as for
the whole year 2003, for EUR 10.2 million. The consolidated sales growth
regardless of this elimination was 2 per cent.
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
Helsinki Exchanges
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