STOCKMANN GROUP SALES IN SEPTEMBER 2008

STOCKMANN plc
Company Announcement
10.10.2008 at 9.00

STOCKMANN GROUP SALES IN SEPTEMBER 2008

In September, Stockmann Group’s consolidated sales grew by 42 per cent to
EUR 184.1 million. The growth was attributable to including Lindex’s sales
in the Stockmann Group’s figures and the growth of sales in Seppälä.

Seppälä’s total sales increased by 7 per cent. Sales grew by 5 per cent
in Finland and by 9 per cent abroad.

Lindex’s sales were on a par with last year.

Department Store Division’s sales decreased by 8 per cent. Sales in
Finland decreased by 8 per cent and sales abroad by 10 per cent. The sales
during last week of September was weak in the Finnish market. Sales abroad
decreased because of the closure in May of the department store in the
Smolensky Passage shopping centre in Moscow due to the illegal action of
the lessor. Sales in other department stores in Moscow developed very well
(comparable growth 30 per cent) and exceeded during two weekends already
clearly the sales of the previous year with Smolensky Passage store
included in the comparison figure.

Sales of Hobby Hall decreased by 4 per cent, 4 per cent in Finland and 3
per cent abroad. Hobby Hall’s sales is affected by a weaker sales of
digital TV sets and set top boxes compared to the digitalization boom in
2007 and the strong price erosion of the same product group.

Sales figures in September

September January-September January-
December
change change
2008 2007 perc. 2008 2007 perc. 2007
EUR EUR 08/07 EUR EUR 08/07 EUR
mill. mill. mill. mill. mill.

Department Store 62.8 68.0 -7.6 596.5 586.0 1.8 871.8
Division, Finland
Department Store 26.8 29.7 -9.6 250.6 231.7 8.1 346.3
Division,
international
operations
Department Store 89.7 97.7 -8.2 847.1 817.7 3.6 1 218.1
Division, total
Lindex, Finland 6.5 0.0 56.6 0.0 7.3
Lindex, 55.5 0.0 440.4 0.0 60.8
international
operations
Lindex, total 62.0 0.0 496.9 0.0 68.1
Hobby Hall, Finland 13.5 14.1 -4.2 112.4 119.7 -6.1 168.5
Hobby Hall, 3.0 3.1 -2.7 24.9 27.8 -10.6 38.0
international
operations
Hobby Hall, total 16.5 17.2 -4.0 137.3 147.5 -6.9 206.5
Seppälä, Finland 10.1 9.6 5.2 86.2 87.4 -1.3 123.1
Seppälä, 5.7 5.2 9.4 44.8 36.2 24.0 51.6
international
operations
Seppälä, total 15.8 14.9 6.7 131.1 123.6 6.1 174.7
Real estate + 0.1 0.1 -12.4 0.6 0.6 -10.5 0.8
others
Operations in 93.0 91.8 1.3 852.3 793.8 7.4 1 171.5
Finland, total
International 91.0 38.0 139.6 760.7 295.7 157.2 496.8
operations, total
Stockmann total 184.1 129.8 41.8 1 613.0 1 089.5 48.1 1 668.3

Sales by Lindex reported as from December 6, 2007.

STOCKMANN plc

Hannu Penttilä
CEO

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