Stockmann - Company Announcement

Stockmann Group's revenue in October 2013

Helsinki, Finland, 2013-11-13 13:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 13.11.2013 at 14:00 EET 

The Stockmann Group's revenue amounted to EUR 217.7 million in October 2013.
Excluding the terminated franchising operations in Russia and Finland, revenue
was down 2.6 per cent on the previous year. 

Despite the successful Crazy Days campaign, the Department Store Division's
revenue was down 3.6 per cent, if the terminated franchising operations are
excluded. In Finland revenue was down 3.2 per cent. Euro-denominated revenue in
international operations was down 4.2 per cent due to the weakened Russian
rouble. Revenue in local currency was up in the Russian department stores.
Revenue of the Crazy Days campaign was up altogether by 2 per cent with growth
in all market areas. 

The Fashion Chain Division's revenue was on a par with the previous year; down
4.9 per cent in Finland and up 1.0 per cent in international operations.
Lindex's euro-denominated revenue was up 3.4 per cent. Revenue in local
currencies was up 4.8 per cent. This year the Pink Ribbon campaign took place
in October, whereas in 2012 the campaign took place already in September.
Seppälä's revenue was down 18.5 per cent, partly due to several closed stores
during the past 12 months and the weakened Russian rouble. 

Revenue (exclusive of VAT) in October

                                      10/2013          Change-%  Change
                                    EUR mill.  excl. terminated       %
                                                   franchising*        
Department Store Division, Finland       96.1              -3.2    -5.2
Department Store Division,               54.7              -4.2    -5.3
international operations                                               
Department Store Division, total        150.7              -3.6    -5.2
Fashion Chain Division, Finland          11.6              -4.9    -4.9
Fashion Chain Division,                  55.4               1.0     1.0
international operations                                               
Fashion Chain Division, total            67.0              -0.1    -0.1
Unallocated                               0.0                          
Operations in Finland, total            107.7              -3.5    -5.2
International operations, total         110.1              -1.6    -2.2
Stockmann total                         217.7              -2.6    -3.7


Revenue (exclusive of VAT) in January-October

                                    1-10/2013          Change-%  Change
                                    EUR mill.  excl. terminated       %
                                                   franchising*        
Department Store Division, Finland      661.8              -2.7    -4.9
Department Store Division,              329.4              -0.9    -3.8
international operations                                               
Department Store Division, total        991.2              -2.1    -4.5
Fashion Chain Division, Finland         122.2              -9.9    -9.9
Fashion Chain Division,                 534.2               1.9     1.9
international operations                                               
Fashion Chain Division, total           656.4              -0.5    -0.5
Unallocated                              -0.7                          
Operations in Finland, total            783.4              -4.1    -5.8
International operations, total         863.6               0.8    -0.4
Stockmann total                       1 647.0              -1.6    -3.1


Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the terminated Bestseller
franchising operations in Russia in 2012 and the Zara franchising operations in
Finland in spring 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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