Stockmann - Company Announcement

Stockmann Group's revenue in July 2012

Helsinki, Finland, 2012-08-10 07:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 10.8.2012 at 8:00 EET 

The Stockmann Group's revenue in July was up 1.2 per cent to EUR 148.9 million.

The Department Store Division's revenue was a par with the previous year.
Summer sale campaigns were this year started earlier in June, which had a
negative impact on the July revenue figures in all markets. In Finland revenue
was down 1.4 per cent. In addition to timing of the sale, Hobby Hall distance
retail business had a challenging month with electronics sales. Revenue in
international operations was up 2.4 per cent. The euro-denominated revenue in
Russia increased by 10.0 per cent in the department stores and by 5.4 per cent
in total, when including the Bestseller franchising stores which will be closed
down by the end of 2012. 

The Fashion Chain Division's revenue grew by 2.9 percent. The revenue was down
2.3 per cent in Finland and up 4.5 per cent in international operations.
Lindex's euro-denominated revenue was up 6.0 per cent mainly due to the
strengthened Swedish krona. In local currencies revenue was on a par with the
previous year. Revenue was up in all other markets except Sweden and Norway.
Seppälä's revenue was down 8.1 per cent due to weak summer sale campaigns in
Finland and in particular in Russia. Revenue continued to grow in the Baltic
countries. 

Revenue (exclusive of VAT) in July

                                                7/2012  Change  1-7/2012  Change
                                                   EUR       %       EUR       %
                                                 mill.             mill.        
Department Store Division, Finland                53.6    -1.4     462.8     2.8
Department Store Division, international          29.8     2.4     226.8    16.1
 operations                                                                     
Department Store Division, total                  83.3     0.0     689.6     6.8
Fashion Chain Division, Finland                   15.1    -2.3      95.5     6.0
Fashion Chain Division,                           50.4     4.5     350.7     6.7
international operations                                                        
Fashion Chain Division, total                     65.5     2.9     446.2     6.5
Other operations                                   0.0               0.3        
Operations in Finland, total                      68.7    -1.6     558.6     3.3
International operations, total                   80.2     3.7     577.5    10.2
Stockmann total                                  148.9     1.2   1 136.1     6.7


Change-%: change compared with the corresponding period of the previous year.

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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