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Home » All News and Press Releases » Stockmann Group’s revenue in October 2012

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9.11.2012
  • Stock Exchange Release

Stockmann Group’s revenue in October 2012

Helsinki, Finland, 2012-11-09 12:30 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 9.11.2012 at 13:30 EET

The Stockmann Group’s revenue in October was up 4.1 per cent to EUR 226.1 million. Revenue in Finland was up 0.4 per cent and revenue in international operations was up 8.1 per cent.

The Department Store Division’s revenue grew by 4.5 per cent thanks to the successful Crazy Days campaign which achieved a revenue growth of 8 per cent in total. The month’s revenue in Finland was up 1.4 per cent. Revenue in international operations was up 10.5 per cent. The euro-denominated revenue in Russia increased by 16.2 per cent in the department stores and by 11.4 per cent in total, when including the Bestseller franchising stores which will be closed down by the end of 2012.

The Fashion Chain Division’s revenue grew by 3.0 per cent; down 7.5 per cent in Finland and up 5.7 per cent in international operations. Lindex’s euro-denominated revenue was up 5.1 per cent due to the strengthened Swedish krona. In local currencies revenue was down 0.9 per cent. Seppälä’s revenue was down 6.9 per cent. Revenue was up in Estonia but declined in other markets. Stores in Ukraine were closed down during the month.

Revenue (exclusive of VAT) in October
 

  10/2012 Change 1-10/2012 Change
  EUR mill. % EUR mill. %
Department Store Division, Finland 101.3 1.4 695.7 2.5
Department Store Division, international operations 57.7 10.5 342.5 13.6
Department Store Division, total 159.0 4.5 1 038.1 5.9
Fashion Chain Division, Finland 12.2 -7.5 135.6 4.1
Fashion Chain Division,
international operations
54.9 5.7 524.4 8.0
Fashion Chain Division, total 67.1 3.0 660.0 7.2
Other operations 0.1   0.5  
Operations in Finland, total 113.6 0.4 831.7 2.8
International operations, total 112.6 8.1 866.9 10.2
Stockmann total 226.1 4.1 1 698.6 6.4


Change-%: change compared with the corresponding period of the previous year.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351

www.lindex-group.com

STOCKMANN plc

Hannu Penttilä
CEO

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