Helsinki, Finland, 2014-11-13 12:00 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 13.11.2014 at 13:00 EET
The Stockmann Group’s revenue was down 6.8 per cent on the previous year and amounted to EUR 202.8 million in October 2014. The decline was partly due to currency effects, mainly the Russian rouble, which weakened by almost 20 per cent compared to the euro. Revenue at comparable exchange rates was down 2.6 per cent.
The Department Store Division’s revenue was up in the Baltic countries and in rouble in Russia, but due to the weak Russian rouble, euro-denominated revenue was down. In Finland, revenue declined less than in the previous months due to the successful Crazy Days campaign. The division’s total euro-denominated revenue decreased by 6.7 per cent; down 6.3 per cent in Finland and 7.5 per cent in international operations.
Lindex’s revenue was on a par with the previous year at comparable exchange rates with growth in most of the markets except in Sweden. Due to currency effects, euro-denominated revenue was down 5.2 per cent. Seppälä’s revenue was down 20.3 per cent or down 8.1 per cent in comparable stores, excluding the closed 30 stores during the past 12 months. The Fashion Chain Division’s total revenue decreased by 7.2 per cent; down 5.7 per cent in Finland and 7.5 per cent in international operations.
Revenue (exclusive of VAT) in October
|
10/2014 EUR mill. |
Change-% | |
| Department Store Division, Finland | 90.0 | -6.3 |
|
Department Store Division, international operations |
50.6 | -7.5 |
| Department Store Division, total | 140.6 | -6.7 |
| Fashion Chain Division, Finland | 10.9 | -5.7 |
|
Fashion Chain Division, international operations |
51.3 | -7.5 |
| Fashion Chain Division, total | 62.2 | -7.2 |
| Unallocated | 0.0 | |
| Operations in Finland, total | 101.0 | -6.2 |
| International operations, total | 101.8 | -7.5 |
| Stockmann total | 202.8 | -6.8 |
Revenue (exclusive of VAT) in January-October
|
1-10/2014 EUR mill. |
Change-% excl. terminated franchising* |
Change-% | |
| Department Store Division, Finland | 591.8 | -10.2 | -10.6 |
|
Department Store Division, international operations |
298.3 | -9.4 | -9.4 |
| Department Store Division, total | 890.0 | -9.9 | -10.2 |
| Fashion Chain Division, Finland | 110.9 | -9.2 | -9.2 |
|
Fashion Chain Division, international operations |
497.5 | -6.9 | -6.9 |
| Fashion Chain Division, total | 608.5 | -7.3 | -7.3 |
| Unallocated | 0.2 | ||
| Operations in Finland, total | 702,9 | -9.9 | -10.3 |
| International operations, total | 795.8 | -7.8 | -7.8 |
| Stockmann total | 1 498,7 | -8.8 | -9.0 |
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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