Helsinki, Finland, 2011-03-11 08:00 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 11.3.2011 at 9:00 EET
The Stockmann Group’s revenue in February increased by 8.6 per cent and was EUR 125.1 million.
The Department Store Division’s revenue increased by 11.5 per cent; up 4.4 per cent in Finland and up 37.9 per cent abroad. Revenue increased in all markets. In Russia, the euro-denominated revenue increased by 53.9 per cent particularly due to sales in the new department store in St Petersburg. The department stores in the Baltic countries continued to show a positive sales trend.
Lindex’s euro-denominated revenue increased by 6.5 per cent. Revenue in Finland was down 3.4 per cent and up 7.8 per cent abroad. The strongest growth was again seen in the new markets in Russia, the Czech Republic, and Slovakia.
Seppälä’s revenue was down 8.0 per cent; down 6.8 per cent in Finland and down 10.1 per cent abroad. First spring collection deliveries to the Russian market were delayed.
Revenue (exclusive of VAT) in February
| 2/2011 | Change | 1-2/2011 | Change | |
| EUR mill. | % | EUR mill. | % | |
| Department Store Division, Finland | 59.8 | 4.4 | 119.2 | 5.4 |
| Department Store Division, international operations | 21.3 | 37.9 | 50.0 | 39.2 |
| Department Store Division, total | 81.1 | 11.5 | 169.2 | 13.5 |
| Lindex, Finland | 3.8 | -3.4 | 8.4 | -1.1 |
| Lindex, international operations | 32.3 | 7.8 | 67.6 | 7.4 |
| Lindex, total | 36.1 | 6.5 | 76.1 | 6.4 |
| Seppälä, Finland | 5.2 | -6.8 | 11.2 | -12.2 |
| Seppälä, international operations | 2.7 | -10.1 | 6.1 | -11.2 |
| Seppälä, total | 7.9 | -8.0 | 17.3 | -11.9 |
| Other operations | 0.0 | 0.1 | ||
| Operations in Finland, total | 68.8 | 3.0 | 138.9 | 3.3 |
| International operations, total | 56.3 | 16.3 | 123.7 | 17.0 |
| Stockmann total | 125.1 | 8.6 | 262.6 | 9.3 |
Change-%: change compared with the corresponding period of the previous year.
Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
www.stockmanngroup.fi
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
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