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Stockmann Group’s revenue in August 2013
Helsinki, Finland, 2013-09-12 13:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 12.9.2013 at 14:00 EET
The Stockmann Group’s revenue amounted to EUR 152.4 million in August 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 5.2 per cent on the previous year. The decline was mainly due to the poor market environment in Finland and the weakened Russian, Swedish and Norwegian currencies against the euro.
The Department Store Division’s revenue was down 8.4 per cent, if the terminated franchising operations are excluded. Revenue was down 6.7 per cent in Finland. Euro-denominated revenue in international operations was down 12.4 per cent. Revenue in the Russian department stores was somewhat down in roubles.
The Fashion Chain Division’s revenue was down 1.1 per cent; down 10.2 per cent in Finland and up 1.3 per cent in international operations. Lindex’s euro-denominated revenue was up 2.6 per cent. Revenue in local currencies was up 7.2 per cent with growth in all countries except in Finland. Seppälä’s revenue was down 17.9 per cent, partly due to several closed stores during the past 12 months.
Revenue (exclusive of VAT) in August
|
8/2013 EUR mill. |
Change % |
Change-% excl. terminated franchising* |
|
| Department Store Division, Finland | 57.8 | -10.2 | -6.7 |
|
Department Store Division, international operations |
23.5 | -15.0 | -12.4 |
| Department Store Division, total | 81.3 | -11.7 | -8.4 |
| Fashion Chain Division, Finland | 13.3 | -10.2 | -10.2 |
|
Fashion Chain Division, international operations |
57.9 | 1.3 | 1.3 |
| Fashion Chain Division, total | 71.2 | -1.1 | -1.1 |
| Unallocated | -0.1 | ||
| Operations in Finland, total | 71.1 | -10.4 | -7.5 |
| International operations, total | 81.4 | -4.0 | -3.1 |
| Stockmann total | 152.4 | -7.1 | -5.2 |
Revenue (exclusive of VAT) in January–August
|
1-8/2013 EUR mill. |
Change % |
Change-% excl. terminated franchising* |
|
| Department Store Division, Finland | 508.1 | -3.6 | -1.6 |
|
Department Store Division, international operations |
247.0 | -2.9 | 0.5 |
| Department Store Division, total | 755.0 | -3.4 | -0.9 |
| Fashion Chain Division, Finland | 98.8 | -10.4 | -10.4 |
|
Fashion Chain Division, international operations |
421.2 | 3.3 | 3.3 |
| Fashion Chain Division, total | 520.0 | 0.4 | 0.4 |
| Unallocated | -0.6 | ||
| Operations in Finland, total | 606.3 | -5.0 | -3.3 |
| International operations, total | 668.2 | 0.9 | 2.2 |
| Stockmann total | 1 274.5 | -2.0 | -0.5 |
Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the terminated Bestseller franchising operations in Russia in 2012 and the Zara franchising operations in Finland in spring 2013.
Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
STOCKMANN plc
Hannu Penttilä
CEO
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