Stockmann - Company Announcement

Stockmann Group's revenue in February 2014

Helsinki, Finland, 2014-03-14 09:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 14.3.2014 at 10:00 EET 

The Stockmann Group's revenue amounted to EUR 110.5 million in February 2014.
Excluding the terminated Zara franchising operations in Finland, revenue was
down 14.8 per cent on the previous year. The decline was due to the challenging
market environment and currency effects, mainly the Russian rouble, which
weakened by almost 20 per cent compared to the euro. Revenue at comparable
exchange rates was down 12.6 per cent. 

The Department Store Division's revenue was down 18.2 per cent, if the
terminated Zara franchising operations are excluded. In addition to market
conditions and the weakened rouble, changes in the loyal customer campaign
affected revenue. Revenue, excluding franchising, was down 18.2 per cent both
in Finland and in international operations. Rouble-denominated revenue was also
down in Russia. 

The Fashion Chain Division's revenue decreased by 9.1 per cent; down 14.4 per
cent in Finland and down 7.9 per cent in international operations. Lindex's
euro-denominated revenue decreased by 6.3 per cent or by 1.9 per cent at
comparable exchange rates. Seppälä's revenue was down 25.1 per cent and revenue
declined in all countries. 

Revenue (exclusive of VAT) in February

                                    2/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,            46.2                       -18.2     -20.2
 Finland                                                                        
Department Store Division,            20.8                       -18.2     -18.2
international operations                                                        
Department Store Division,            67.1                       -18.2     -19.6
 total                                                                          
Fashion Chain Division, Finland        7.7                       -14.4     -14.4
Fashion Chain Division,               35.8                        -7.9      -7.9
international operations                                                        
Fashion Chain Division, total         43.5                        -9.1      -9.1
Unallocated                            0.0                                      
Operations in Finland, total          53.9                       -17.6     -19.3
International operations, total       56.7                       -12.0     -12.0
Stockmann total                      110.5                       -14.8     -15.7


Revenue (exclusive of VAT) in January-February

                                  1-2/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           103.5                       -12.3     -14.6
 Finland                                                                        
Department Store Division,            53.8                        -9.9      -9.9
international operations                                                        
Department Store Division,           157.3                       -11.5     -13.0
 total                                                                          
Fashion Chain Division, Finland       18.6                        -8.2      -8.2
Fashion Chain Division,               78.5                        -4.5      -4.5
international operations                                                        
Fashion Chain Division, total         97.1                        -5.2      -5.2
Unallocated                            0.0                                      
Operations in Finland, total         122.2                       -11.6     -13.5
International operations, total      132.3                        -6.8      -6.8
Stockmann total                      254.5                        -9.1     -10.1


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


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