Helsinki, Finland, 2014-09-11 07:30 CEST (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 11.9.2014 at 8:30 EET
The Stockmann Group’s revenue was down 9.1 per cent on the previous year and amounted to EUR 138.5 million in August 2014. Weak exchange rates of the Russian rouble, Swedish krona and Norwegian krone continued to negatively affect euro-denominated revenue. Revenue at comparable exchange rates was down 6.3 per cent.
The Department Store Division’s revenue was up in the Baltic countries and in rouble in Russia, but weak performance continued in Finland. The division’s euro-denominated revenue in total decreased by 10.7 per cent; down 13.8 per cent in Finland and 3.0 per cent in international operations.
Lindex’s revenue was on a par with the previous year at comparable exchange rates. Due to currency effects, however, euro-denominated revenue was down 5.2 per cent. Seppälä’s revenue was down 20.7 per cent, partly due to closures of several unprofitable stores in Russia during the past 12 months. The Fashion Chain Division’s revenue in total decreased by 7.4 per cent; down 9.8 per cent in Finland and 6.9 per cent in international operations.
Revenue (exclusive of VAT) in August
|
8/2014 EUR mill. |
Change-% | |
| Department Store Division, Finland | 49.8 | -13.8 |
|
Department Store Division, international operations |
22.8 | -3.0 |
| Department Store Division, total | 72.6 | -10.7 |
| Fashion Chain Division, Finland | 12.0 | -9.8 |
|
Fashion Chain Division, international operations |
53.9 | -6.9 |
| Fashion Chain Division, total | 65.9 | -7.4 |
| Unallocated | 0.0 | |
| Operations in Finland, total | 61.9 | -13.0 |
| International operations, total | 76.7 | -5.8 |
| Stockmann total | 138.5 | -9.1 |
Revenue (exclusive of VAT) in January-August
|
1-8/2014 EUR mill. |
Change-% excl. terminated franchising* |
Change-% | |
| Department Store Division, Finland | 451.7 | -10.6 | -11.1 |
|
Department Store Division, international operations |
224.0 | -9.3 | -9.3 |
| Department Store Division, total | 675.6 | -10.1 | -10.5 |
| Fashion Chain Division, Finland | 89.8 | -9.1 | -9.1 |
|
Fashion Chain Division, international operations |
397.0 | -5.7 | -5.7 |
| Fashion Chain Division, total | 486.8 | -6.4 | -6.4 |
| Unallocated | 0.2 | ||
| Operations in Finland, total | 541.7 | -10.2 | -10.7 |
| International operations, total | 621.0 | -7.1 | -7.1 |
| Stockmann total | 1 162.6 | -8.6 | -8.8 |
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:
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558
www.stockmanngroup.com
STOCKMANN plc
Nora Malin
Director, Corporate Communications
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NASDAQ OMX
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