In January, the Stockmann Group's sales increased by 50 per cent to EUR
174 million. The main reason for the significant growth in sales is the
consolidation of the sales by Lindex into the Stockmann Group's figures.
Sales by the Department Store Division were up 14 per cent. Sales were up
6 per cent in Finland and 34 per cent abroad. The growth in sales abroad
was contributed by the new department store that was opened in Moscow in
February 2007.
Sales by Seppälä grew by 9 per cent. Sales were at the previous year's
level in Finland and up 36 per cent abroad.
Sales by Hobby Hall decreased by 10 per cent. Sales were down 7 per cent
in Finland and 21 per cent abroad. The monthly comparison figures for
January-March are still affected by the new ERP system that was taken in
use in April 2007 as a consequence of which the sales are recorded later
than in the previous year.
Sales figures in January
January January-December
change
2008 2007 perc. 2007
Me Me 08/07 Me
Department Store Division, 63.5 59.8 6.2 871.8
Finland
Department Store Division, 32.5 24.2 34.1 346.3
international operations
Department Store Division, 96.0 84.1 14.3 1 218.1
total
Lindex, Finland 5.6 0.0 7.3
Lindex, 41.2 0.0 60.8
international operations
Lindex, total 46.8 0.0 68.1
Hobby Hall, Finland 14.1 15.2 -7.2 168.5
Hobby Hall, 3.0 3.8 -21.3 38.0
international operations
Hobby Hall, total 17.1 19.0 -10.0 206.5
Seppälä, Finland 9.1 9.2 -0.3 123.1
Seppälä, 4.6 3.4 35.8 51.6
international operations
Seppälä, total 13.7 12.6 9.4 174.7
Real estate + others 0.1 0.1 0.0 0.8
Operations in Finland, 92.5 84.3 9.7 1 171.5
total
International operations, 81.3 31.4 158.9 496.8
total
Stockmann total 173.8 115.7 50.2 1 668.3
Sales by Lindex reported as from December 6, 2007.
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media