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Stockmann Group’s revenue in November 2013
Helsinki, Finland, 2013-12-13 09:00 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 13.12.2013 at 10:00 EET
The Stockmann Group’s revenue amounted to EUR 158.2 million in November 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 4.5 per cent on the previous year.
The Department Store Division’s revenue was down 5.2 per cent, if the terminated franchising operations are excluded. In Finland revenue was down 5.0 per cent with decline in department stores and Hobby Hall but growth in the Stockmann online store. Euro-denominated revenue in international operations was down 5.7 per cent due to the weakened Russian rouble. Revenue was up in the Baltic countries and in local currency on a par with the previous year in Russia.
The Fashion Chain Division’s revenue was down 3.1 per cent; down 14.2 per cent in Finland and down 0.4 per cent in international operations. Lindex’s euro-denominated revenue was up 1.8 per cent despite the weakened Norwegian and Swedish currencies. Revenue in local currencies was up 7.6 per cent with growth in all countries. Seppälä’s revenue was down 29.0 per cent, partly due to several closed stores during the past 12 months. There are several actions under way to improve Seppälä’s weak performance, including closing of additional stores in Russia. Eveliina Melentjeff, earlier Lindex country manager for Finland and the Baltics, started as the CEO of Seppälä on 1 December 2013.
Revenue (exclusive of VAT) in November
|
11/2013 EUR mill. |
Change-% excl. terminated franchising* |
Change % |
|
| Department Store Division, Finland | 69.3 | -5.0 | -7.2 |
|
Department Store Division, international operations |
28.7 | -5.7 | -7.6 |
| Department Store Division, total | 98.0 | -5.2 | -7.4 |
| Fashion Chain Division, Finland | 10.5 | -14.2 | -14.2 |
|
Fashion Chain Division, international operations |
49.8 | -0.4 | -0.4 |
| Fashion Chain Division, total | 60.3 | -3.1 | -3.1 |
| Unallocated | 0.0 | ||
| Operations in Finland, total | 79.7 | -6.4 | -8.3 |
| International operations, total | 78.5 | -2.5 | -3.2 |
| Stockmann total | 158.2 | -4.5 | -5.8 |
Revenue (exclusive of VAT) in January–November
|
1-11/2013 EUR mill. |
Change-% excl. terminated franchising* |
Change % |
|
| Department Store Division, Finland | 731.1 | -3.0 | -5.1 |
|
Department Store Division, international operations |
358.1 | -1.3 | -4.1 |
| Department Store Division, total | 1 089.2 | -2.4 | -4.8 |
| Fashion Chain Division, Finland | 132.7 | -10.2 | -10.2 |
|
Fashion Chain Division, international operations |
584.0 | 1.7 | 1.7 |
| Fashion Chain Division, total | 716.7 | -0.8 | -0.8 |
| Unallocated | -0.7 | ||
| Operations in Finland, total | 863.1 | -4.3 | -6.1 |
| International operations, total | 942.1 | 0.5 | -0.6 |
| Stockmann total | 1 805.2 | -1.8 | -3.3 |
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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