STOCKMANN plc, Company Announcement 11.7.2011 at 10:00 EET
The Stockmann Group’s revenue in June increased by 13.5 per cent and was EUR 156.0 million.
The Department Store Division’s revenue increased by 17.8 per cent. Revenue was up 6.9 per cent in Finland and 56.9 per cent in international operations. The department stores in Russia performed well and the euro-denominated revenue increased there by 78.7 per cent.
Lindex’s euro-denominated revenue increased by 8.1 per cent; up 10.6 per cent in Finland and 7.8 per cent abroad. The revenue growth continued strongest in Russia.
Seppälä’s revenue was up 11.9 per cent. Revenue in Finland turned into growth by 10.2 per cent. Revenue was up 15.5 per cent abroad and developed particularly well in the Baltic countries.
Revenue (exclusive of VAT) in June
| 6/2011 | Change | 1-6/2011 | Change | |
| EUR mill. | % | EUR mill. | % | |
| Department Store Division, Finland | 60.2 | 6.9 | 396.1 | 5.6 |
| Department Store Division, international operations | 24.6 | 56.9 | 166.3 | 42.9 |
| Department Store Division, total | 84.9 | 17.8 | 562.4 | 14.4 |
| Lindex, Finland | 6.7 | 10.6 | 32.1 | 3.8 |
| Lindex, international operations | 49.9 | 7.8 | 256.8 | 10.3 |
| Lindex, total | 56.5 | 8.1 | 288.9 | 9.6 |
| Seppälä, Finland | 9.6 | 10.2 | 42.5 | -5.4 |
| Seppälä, international operations | 5.0 | 15.5 | 23.7 | 0.5 |
| Seppälä, total | 14.6 | 11.9 | 66.2 | -3.4 |
| Other operations | 0.0 | 0.2 | ||
| Operations in Finland, total | 76.5 | 7.6 | 470.8 | 4.3 |
| International operations, total | 79.5 | 19.9 | 446.9 | 19.9 |
| Stockmann total | 156.0 | 13.5 | 917.7 | 11.4 |
Change-%: change compared with the corresponding period of the previous year.
Further information:
Nora Malin, Corporate Communications Manager, tel. +358 9 121 3558
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
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