Helsinki, Finland, 2014-12-11 14:30 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 11.12.2014 at 15:30 EET
The Stockmann Group’s revenue was down 13.1 per cent on the previous year and amounted to EUR 137.6 million in November 2014. The decline was partly due to currency effects, mainly the Russian rouble, which weakened 30 per cent on the previous year compared to the euro. Revenue at comparable exchange rates was down 8.9 per cent.
The Department Store Division’s revenue was nearly on a par with the previous year in the Baltic countries and in Russia in rouble. Due to the very weak exchange rate of the rouble, euro-denominated revenue was down in Russia. The division’s total euro-denominated revenue decreased by 14.7 per cent; down 13.7 per cent in Finland and 17.2 per cent in international operations.
Lindex’s revenue was down 4.9 per cent at comparable exchange rates or 9.2 per cent in euro-denominated revenue. Seppälä’s revenue was down 19.5 per cent or down 8.9 per cent in comparable stores, excluding the closed 30 stores during the past 12 months. The Fashion Chain Division’s total revenue decreased by 10.4 per cent; down 8.2 per cent in Finland and 10.9 per cent in international operations.
Revenue (exclusive of VAT) in November
|
11/2014 EUR mill. |
Change-% | |
| Department Store Division, Finland | 59.8 | -13.7 |
|
Department Store Division, international operations |
23.8 | -17.2 |
| Department Store Division, total | 83.5 | -14.7 |
| Fashion Chain Division, Finland | 9.6 | -8.2 |
|
Fashion Chain Division, international operations |
44.4 | -10.9 |
| Fashion Chain Division, total | 54.0 | -10.4 |
| Unallocated | 0.0 | |
| Operations in Finland, total | 69.4 | -12.9 |
| International operations, total | 68.2 | -13.2 |
| Stockmann total | 137.6 | -13.1 |
Revenue (exclusive of VAT) in January-November
|
1-11/2014 EUR mill. |
Change-% excl. terminated franchising* |
Change-% | |
| Department Store Division, Finland | 651.5 | -10.5 | -10.9 |
|
Department Store Division, international operations |
322.0 | -10.1 | -10.1 |
| Department Store Division, total | 973.6 | -10.4 | -10.6 |
| Fashion Chain Division, Finland | 120.6 | -9.1 | -9.1 |
|
Fashion Chain Division, international operations |
541.9 | -7.2 | -7.2 |
| Fashion Chain Division, total | 662.5 | -7.6 | -7.6 |
| Unallocated | 0.2 | ||
| Operations in Finland, total | 772.3 | -10.2 | -10.5 |
| International operations, total | 864.0 | -8.3 | -8.3 |
| Stockmann total | 1 636.3 | -9.2 | -9.4 |
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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