STOCKMANN plc
Company Announcement
9.9.2010 at 10.30
STOCKMANN GROUP'S REVENUE IN AUGUST 2010
In August, the Stockmann Group's revenue (exclusive of VAT) exclusive of
Hobby Hall's discontinued operations abroad amounted to EUR 141.4 million,
up 6.7 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 7.4 per cent, up 6.6
per cent in Finland and up 10.0 per cent abroad. Revenue growth was good,
up 15 per cent in Russia, despite the disturbing smoke from forest fires.
Revenue in the Baltic department stores was at the previous year's level.
Lindex's revenue increased by 9.0 per cent, down 1.8 per cent in Finland
and up 10.6 per cent abroad. Development in the new markets in Russia and
the Czech Republic continued to be very strong.
Seppälä's revenue decreased by 3.3 per cent. Revenue in Finland was down
by 5.2 per cent and revenue abroad was at the previous year's level.
Seppälä had significantly less items in the August season sale than in the
previous year.
Revenue (exclusive of VAT) in August
August January-August 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 61.1 57.3 6.6 488.5 470.4 3.9 785.8
Division, Finland
Department Store 19.2 17.5 10.0 155.4 145.0 7.2 235.8
Division,
international
operations
Department Store 80.4 74.8 7.4 644.0 615.4 4.6 1 021.5
Division, total
Lindex, Finland 5.9 6.0 -1.8 43.4 42.2 2.9 65.8
Lindex, 43.2 39.1 10.6 318.6 281.8 13.0 461.3
international
operations
Lindex, total 49.1 45.0 9.0 361.9 324.0 11.7 527.0
Seppälä, Finland 7.4 7.8 -5.2 62.0 60.3 2.8 94.3
Seppälä, 4.8 4.8 0.0 32.9 30.1 9.1 45.2
international
operations
Seppälä, total 12.2 12.6 -3.3 94.9 90.4 4.9 139.5
Real estate + -0.3 0.0 0.0 0.4 0.6
others
Operations in 74.1 71.2 4.1 593.9 573.2 3.6 946.4
Finland, total
International 67.2 61.3 9.6 506.9 457.0 10.9 742.2
operations, total
Stockmann total, 141.4 132.5 6.7 1 100.8 1 030.2 6.9 1 688.6
continuing
operations
Closed operations: 0.0 0.2 0.0 9.9 9.9
Hobby Hall,
international
operations
Stockmann total 141.4 132.7 6.5 1 100.8 1 040.1 5.8 1 698.5
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
Principal media