STOCKMANN plc
Company Announcement
12.8.2010 at 8.00
STOCKMANN GROUP'S REVENUE IN JULY 2010
In July, the Stockmann Group's revenue (exclusive of VAT) exclusive of
Hobby Hall's discontinued operations abroad amounted to EUR 135.5 million,
up 9.1 per cent.
Since the beginning of 2010, Hobby Hall has been a part of the Department
Store Division. The Department Store Division's revenue includes Hobby
Hall's figures, and the comparison figures have been adjusted accordingly.
The Department Store Division's revenue increased by 7.9 per cent, up 4.1
per cent in Finland and up 19.2 per cent abroad. Revenue growth was strong
in Russia, 33 per cent, but revenue declined slightly in the Baltic
department stores.
Lindex's revenue increased by 12.0 per cent, up 6.3 per cent in Finland
and up 13.0 per cent abroad. The division's euro-denominated revenue
increased in all markets except Latvia. Development in the new markets in
Russia and Czech Republic was again strong.
Seppälä's revenue increased by 5.5 per cent, up 6.8 per cent in Finland
and up 2.9 per cent abroad. Development was fairly even in all the
markets.
Revenue (exclusive of VAT) in July
July January-July January-
December
2010 2009 change 2010 2009 change 2009
EUR EUR perc. EUR EUR perc. EUR
mill. mill. 10/09 mill. mill. 10/09 mill.
Department Store 52.3 50.2 4.1 427.4 413.0 3.5 785.8
Division, Finland
Department Store 19.9 16.7 19.2 136.2 127.6 6.8 235.8
Division,
international
operations
Department Store 72.2 66.9 7.9 563.6 540.6 4.3 1 021.5
Division, total
Lindex, Finland 6.6 6.2 6.3 37.5 36.2 3.7 65.8
Lindex, 42.5 37.6 13.0 275.3 242.8 13.4 461.3
international
operations
Lindex, total 49.2 43.9 12.0 312.8 278.9 12.2 527.0
Seppälä, Finland 9.6 9.0 6.8 54.6 52.5 4.0 94.3
Seppälä, 4.5 4.4 2.9 28.1 25.3 10.8 45.2
international
operations
Seppälä, total 14.1 13.4 5.5 82.7 77.8 6.2 139.5
Real estate + 0.0 0.0 0.3 0.3 0.6
others
Operations in 68.6 65.5 4.7 519.8 502.0 3.5 946.4
Finland, total
International 66.9 58.7 14.0 439.6 395.7 11.1 742.2
operations, total
Stockmann total, 135.5 124.2 9.1 959.4 897.7 6.9 1 688.6
continuing
operations
Closed operations: 0.0 0.3 0.0 9.8 9.9
Hobby Hall,
international
operations
Stockmann total 135.5 124.5 8.8 959.4 907.4 5.7 1 698.5
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
Principal media