Stockmann - Company Announcement

Stockmann Group's sales in February 2016

STOCKMANN plc, Company Announcement 10.3.2016 at 15:00 EET
The Stockmann Group's sales in February were down by 2.9 per cent and amounted
to EUR 72.1 million in the continuing product areas and businesses. The Group’s
total sales in February were EUR 77.9 million. Due to the leap year, February
had one sales day more than in the previous year.
Stockmann Retail's sales in the continuing product areas and businesses were
down by 10.4 per cent. Sales grew in cosmetics but were down the most in the
home product area. In Finland, sales were down by 11.0 per cent and by 6.5 per
cent in the Baltic countries. Stockmann sold its department store business in
Russia on 1 February 2016.
Lindex's sales were up 3.2 per cent at comparable exchange rates. Sales
increased particularly in the main markets Sweden and Norway. Euro-denominated
sales were up 2.7 per cent, or 5.0 per cent excluding Russia.
Sales (exclusive of VAT) in February

                          2/2016  Change-%*   1-2/2016  Change-%*
                       EUR mill.             EUR mill.
Stockmann Retail,           28.9    -11.0 %       62.4    -10.8 %
Finland
Stockmann Retail,            5.4     -6.5 %       12.5     -7.2 %
international
operations
Stockmann Retail,           34.2    -10.4 %       74.8    -10.2 %
total
Lindex, total               37.9      5.0 %       82.2      6.7 %
Group, Finland, total       33.0    -10.0 %       71.5    -10.0 %
Group, international        39.1      4.0 %       85.6      5.6 %
operations, total
Stockmann Group,            72.1     -2.9 %      157.1     -2.1 %
total*

*Continuing product areas and businesses i.e. excluding Russian retail
operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the
product areas the company has withdrawn from in department stores (electronics,
books, sports equipment, toys and pet supplies).
Stockmann’s total sales in February 2016 were EUR 77.9 million, including Hobby
Hall. In February 2015, sales were EUR 99.5 million, including also Russian
retail operations, Seppälä and discontinued product areas in department stores.
Change-%: change compared with the corresponding period of the previous year.
The Group's sales figures include merchandise sales exclusive VAT in stores and
department stores. The figures do not include other operating income such as
rental income or service fees.
Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558
www.stockmanngroup.com
STOCKMANN plc
Per Thelin
CEO
Distribution:
Nasdaq Helsinki
Principal media