Helsinki, Finland, 2014-04-14 14:00 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 14.4.2014 at 15:00 EET
The Stockmann Group’s revenue was down 4.7 per cent on the previous year and amounted to EUR 141.1 million in March 2014. The decline was due to currency exchange rates, as the Russian rouble reached its weakest level ever against the euro and also Swedish krona and Norwegian krone were clearly weaker than a year ago. Revenue at comparable exchange rates was up 0.4 per cent.
The Department Store Division’s revenue was down 5.5 per cent. Revenue was down 2.6 per cent in Finland and 11.5 per cent in international operations. Revenue was up in the Baltic department stores, but in Russia revenue continued to decline due to the weakened rouble.
The Fashion Chain Division’s revenue decreased by 3.6 per cent; down 1.8 per cent in Finland and down 4.0 per cent in international operations. Lindex’s euro-denominated revenue was down 2.4 per cent. At comparable exchange rates revenue was up by 4.0 per cent. Seppälä’s revenue was down 11.7 per cent, particularly in Russia due to closed stores and the weak rouble.
Crazy Days campaign's revenue in April
Revenue in the department stores’ Crazy Days campaign, which took place in April, was close to the previous year’s level at comparable exchange rates but was down 6 per cent in euros. Revenue was up in the Baltic countries by 2 per cent. In Russia euro-denominated revenue was down 12 per cent but rouble-denominated revenue was up 8 per cent. In Finland revenue was down 5 per cent, despite the strong sales growth in the online store.
Revenue (exclusive of VAT) in March
|
3/2014 EUR mill. |
Change-% | |
| Department Store Division, Finland | 58.8 | -2.6 |
|
Department Store Division, international operations |
25.6 | -11.5 |
| Department Store Division, total | 84.4 | -5.5 |
| Fashion Chain Division, Finland | 9.7 | -1.8 |
|
Fashion Chain Division, international operations |
47.0 | -4.0 |
| Fashion Chain Division, total | 56.7 | -3.6 |
| Unallocated | 0.0 | |
| Operations in Finland, total | 68.4 | -2.3 |
| International operations, total | 72.7 | -6.8 |
| Stockmann total | 141.1 | -4.7 |
Revenue (exclusive of VAT) in January-March
|
1-3/2014 EUR mill. |
Change-% excl. terminated franchising* |
Change-% | |
| Department Store Division, Finland | 162.3 | -9.0 | -10.6 |
|
Department Store Division, international operations |
79.4 | -10.4 | -10.4 |
| Department Store Division, total | 241.7 | -9.5 | -10.6 |
| Fashion Chain Division, Finland | 28.3 | -6.1 | -6.1 |
|
Fashion Chain Division, international operations |
125.5 | -4.3 | -4.3 |
| Fashion Chain Division, total | 153.8 | -4.7 | -4.7 |
| Unallocated | 0.1 | ||
| Operations in Finland, total | 190.6 | -8.5 | -9.8 |
| International operations, total | 205.0 | -6.8 | -6.8 |
| Stockmann total | 395.6 | -7.6 | -8.3 |
Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the Zara franchising operations in Finland which were terminated on 1 March 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