STOCKMANN plc
Company Announcement
9.12.2008 at 11.00
STOCKMANN GROUP SALES IN NOVEMBER 2008
In November, Stockmann Group's consolidated sales grew by 28 per cent to
EUR 181.3 million. The growth was attributable to including Lindex's sales
in the Stockmann Group's figures and the growth in Seppälä's sales.
Seppälä's total sales increased by 2 per cent. Sales declined by 6 per
cent in Finland but grew by 19 per cent abroad, thanks to good sales
development in Russia which came from new stores and a strong increase in
the comparable sales.
Lindex's sales declined in Sweden, Norway and Finland but increased in
other markets.
The Department Store Division's sales decreased by 8 per cent. Sales
decreased by 7 per cent in Finland and by 9 per cent abroad. Sales abroad
diminished because of a decline in sales in the Baltic states and the
closure in May of the department store in the Smolensky Passage shopping
centre in Moscow due to illegal action of the lessor. Sales in the other
department stores in Moscow continued to develop very favourably
(comparable growth 28 per cent).
Sales by Hobby Hall decreased by 11 per cent, 9 per cent in Finland and 16
per cent abroad. Hobby Halls's sales were especially affected by a weaker
sales of digital TV sets and set top boxes compared to the digitalization
boom in 2007 and the strong price erosion in the product group in
question.
Sales figures in November
November January-November January-
December
change change
2008 2007 perc. 2008 2007 perc. 2007
EUR EUR 08/07 EUR EUR 08/07 EUR
mill. mill. mill. mill. mill.
Department Store 69.0 74.1 -6.9 760.3 761.2 -0.1 871.8
Division, Finland
Department Store 28.2 31.2 -9.4 317.8 303.6 4.7 346.3
Division,
international
operations
Department Store 97.3 105.3 -7.6 1 078.2 1 064.8 1.3 1 218.1
Division, total
Lindex, Finland 6.2 0.0 68.7 0.0 7.3
Lindex, 43.1 0.0 534.5 0.0 60.8
international
operations
Lindex, total 49.3 0.0 603.2 0.0 68.1
Hobby Hall, Finland 16.4 18.1 -9.4 142.8 153.4 -6.9 168.5
Hobby Hall, 3.4 4.0 -16.1 31.3 35.3 -11.3 38.0
international
operations
Hobby Hall, total 19.7 22.1 -10.6 174.1 188.6 -7.7 206.5
Seppälä, Finland 9.7 10.2 -5.5 105.9 107.3 -1.3 123.1
Seppälä, 5.2 4.4 19.0 55.7 45.5 22.3 51.6
international
operations
Seppälä, total 14.9 14.6 1.8 161.6 152.9 5.7 174.7
Real estate + 0.1 0.1 12.0 0.7 0.7 -7.1 0.8
others
Operations in 101.3 102.5 -1.1 1 078.5 1 022.6 5.5 1 171.5
Finland, total
International 79.9 39.5 102.1 939.3 384.4 144.4 496.8
operations, total
Stockmann total 181.3 142.0 27.6 2 017.8 1 407.0 43.4 1 668.3
Sales by Lindex reported as from December 6, 2007.
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
Principal media