STOCKMANN GROUP SALES IN MARCH 2009

STOCKMANN plc
Company Announcement
9.4.2009 at 11.30

STOCKMANN GROUP SALES IN MARCH 2009

The Stockmann Group’s euro-nominated sales in March were EUR 141.4
million, down 12 per cent on the previous year. Taking into consideration
the strong downturn in economy and the devaluation of the Swedish krona,
the Norwegian krone and the Russian rouble, especially the sales by Hobby
Hall, Seppälä and Lindex were at a satisfactory level. The Department
Store Division’s sales were very much affected by the weak sales in the
Baltic countries, the weak rouble and the closing down of the Smolenskaya
department store in May 2008. In the Nordic market, the falling of Easter
in April caused two extra trading days in March compared with the previous
year.

In March 2009 the Department Store Division’s sales declined by 20 per
cent, 14 per cent in Finland and 33 per cent abroad. In the department
stores in Russia the like-for-like rouble-nominated sales decreased by 3
per cent while the euro-nominated aggregate sales declined by 36 per cent.
Sales declined considerably in the Baltic department stores compared to
the good sales figures in 2008.

Lindex’s sales in local currencies increased by 7 per cent, while the
division’s euro-nominated sales decreased by 5 per cent. Sales increased
by 6 per cent in Finland and decreased by 7 per cent abroad.

Seppälä’s euro-nominated sales were on a par with the previous year. Sales
increased by 6 per cent in Finland and decreased by 10 per cent abroad. In
Russia, Seppälä’s rouble-nominated sales increased by 15 per cent.

Sales by Hobby Hall increased by 6 per cent. Sales grew by 13 per cent in
Finland and declined by 26 per cent in the Baltic countries. The growth in
Finland was partly attributable to the calendar effect brought by Easter,
which allowed for more picking days in the logistics centre.

Sales figures in March

March January-March January-
December
change change
2009 2008 perc. 2009 2008 perc. 2008
EUR EUR 09/08 EUR EUR 09/08 EUR
mill. mill. mill. mill. mill.

Department Store 50.0 57.9 -13.5 162.5 186.0 -12.6 868.5
Division, Finland
Department Store 19.9 29.8 -33.3 62.0 89.9 -31.0 350.4
Division,
international
operations
Department Store 70.0 87.7 -20.3 224.5 275.9 -18.6 1 218.9
Division, total
Lindex, Finland 5.3 5.0 6.0 15.0 15.4 -2.3 77.1
Lindex, 39.5 42.2 -6.6 107.5 123.0 -12.5 595.5
international
operations
Lindex, total 44.8 47.3 -5.2 122.6 138.3 -11.4 672.5
Hobby Hall, Finland 13.4 11.8 13.3 37.2 38.8 -4.1 157.4
Hobby Hall, 2.0 2.7 -26.4 5.8 8.6 -32.3 33.6
international
operations
Hobby Hall, total 15.4 14.5 5.9 43.1 47.4 -9.3 191.0
Seppälä, Finland 7.3 6.9 6.3 23.1 23.1 0.0 121.1
Seppälä, 3.9 4.4 -10.3 11.6 12.6 -8.1 61.5
international
operations
Seppälä, total 11.3 11.3 -0.1 34.7 35.7 -2.9 182.6
Real estate + 0.0 0.1 -81.6 0.0 0.2 -82.5 0.8
others
Operations in 76.1 81.7 -6.8 237.8 263.5 -9.7 1 224.8
Finland, total
International 65.3 79.2 -17.5 186.9 234.1 -20.1 1 041.0
operations, total
Stockmann total 141.4 160.9 -12.1 424.8 497.5 -14.6 2 265.8

STOCKMANN plc

Hannu Penttilä
CEO

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