Stockmann - Company Announcement

Stockmann Group's revenue in January 2014

Helsinki, Finland, 2014-02-13 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 13.2.2014 at 8:00 EET 

The Stockmann Group's revenue amounted to EUR 143.9 million in January 2014.
Excluding the terminated Zara franchising operations in Finland, revenue was
down 4.3 per cent on the previous year. Retail market continued to be very weak
in Finland. Further weakening of the Russian and Norwegian currencies also
negatively affected euro-denominated revenue. Revenue at comparable exchange
rates was down 2.4 per cent. 

The Department Store Division's revenue was down 5.7 per cent, if the
terminated Zara franchising operations are excluded. Revenue, excluding
franchising, was down 6.9 per cent in Finland. Euro-denominated revenue in
international operations was down 3.7 per cent. Rouble-denominated revenue was
up in Russia. 

The Fashion Chain Division's revenue was down 1.9 per cent; down 3.2 per cent
in Finland and down 1.5 per cent in international operations. Lindex's
euro-denominated revenue was down 0.9 per cent, but up 1.9 per cent at
comparable exchange rates. Strong growth continued in the new markets.
Seppälä's revenue was down 6.3 per cent. Revenue was up in the Baltic
countries, but down in Finland and in Russia. Rouble-denominated revenue in
comparable stores was up in Russia. 

Revenue (exclusive of VAT) in January

                                    1/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,            57.3                        -6.9      -9.4
 Finland                                                                        
Department Store Division,            33.0                        -3.7      -3.7
international operations                                                        
Department Store Division,            90.2                        -5.7      -7.4
 total                                                                          
Fashion Chain Division, Finland       11.0                        -3.2      -3.2
Fashion Chain Division,               42.7                        -1.5      -1.5
international operations                                                        
Fashion Chain Division, total         53.7                        -1.9      -1.9
Unallocated                            0.0                                      
Operations in Finland, total          68.3                        -6.2      -8.3
International operations, total       75.7                        -2.5      -2.5
Stockmann total                      143.9                        -4.3      -5.3


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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