Stockmann Group's preliminary revenue in December and for full year 2013

        Print
| Source: Stockmann Oyj Abp
multilang-release

Helsinki, Finland, 2014-01-09 08:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 9.1.2014 at 9:00 EET

The Stockmann Group’s preliminary revenue amounted to EUR 232.1 million in December 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 6.1 per cent on the previous year. Christmas sales were less than anticipated in particular in Finland and in Russia. The weakened Russian, Swedish and Norwegian currencies also negatively affected euro-denominated revenue.

The Department Store Division’s revenue was down 8.2 per cent, if the terminated franchising operations are excluded. Revenue was down 5.7 per cent in Finland. Euro-denominated revenue in international operations was down 13.9 per cent. Revenue in rouble was also somewhat down in Russia.

The Fashion Chain Division’s revenue was down 3.3 per cent; down 8.6 per cent in Finland and down 1.9 per cent in international operations. Lindex’s euro-denominated revenue was on a par with the previous year and revenue in local currencies was up 4.7 per cent. Seppälä’s revenue was down 19.3 per cent.


Revenue for 2013

The Stockmann Group’s preliminary revenue for the full year 2013 amounted to EUR 2 037.3 million. Excluding the terminated franchising operations, revenue was down 2.3 per cent on the previous year. Revenue in Finland was down 4.4 per cent. Euro-denominated revenue abroad was down 0.3 per cent on the previous year and accounted for 51.7 per cent of the total revenue.

The Department Store Division’s revenue was down 3.1 per cent, if the terminated franchising operations are excluded. Revenue was down 3.3 per cent in Finland. Euro-denominated revenue in international operations was down 2.7 per cent. Revenue in local currency in the Russian department stores was up on the previous year.

The Fashion Chain Division’s revenue was down 1.1 per cent; down 10.1 per cent in Finland and up 1.3 per cent in international operations. Lindex’s revenue was up 2.6 per cent in euro and up 3.5 in local currencies. Seppälä’s revenue was down 18.0 per cent, partly due to 11 closed stores in 2013.

Stockmann will publish its financial statement bulletin on 13 February 2014 at 8 a.m. EET. The company’s full financial statements and an electronic version of the Annual Report 2013 will be published in the week starting on 24 February 2014. The monthly revenue releases for 2014 will be published on or around the 9th working day of the following month.


Revenue (exclusive of VAT) in December

  12/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 102.5 -5.7 -7.4
Department Store Division,
international operations
41.0 -13.9 -14.5
Department Store Division, total 143.5 -8.2 -9.5
Fashion Chain Division, Finland 17.8 -8.6 -8.6
Fashion Chain Division,
international operations
70.9 -1.9 -1.9
Fashion Chain Division, total 88.7 -3.3 -3.3
Unallocated 0.0    
Operations in Finland, total 120.2 -5.5 -7.0
International operations, total 111.9 -6.6 -6.9
Stockmann total 232.1 -6.1 -7.0


Revenue (exclusive of VAT) in January–December

  1-12/2013
EUR mill.
Change-%
excl. terminated

franchising*
Change
%
Department Store Division, Finland 833.6 -3.3 -5.4
Department Store Division,
international operations
399.1 -2.7 -5.3
Department Store Division, total 1 232.7 -3.1 -5.4
Fashion Chain Division, Finland 150.4 -10.1 -10.1
Fashion Chain Division,
international operations
654.9 1.3 1.3
Fashion Chain Division, total 805.4 -1.1 -1.1
Unallocated -0.8    
Operations in Finland, total 983.3 -4.4 -6.2
International operations, total 1 054.0 -0.3 -1.3
Stockmann total 2 037.3 -2.3 -3.7


Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the terminated Bestseller franchising operations in Russia in 2012 and the Zara franchising operations in Finland in spring 2013.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351


www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


Distribution:
NASDAQ OMX
Principal media