Stockmann - Company Announcement

Stockmann Group's revenue in November 2014

Helsinki, Finland, 2014-12-11 14:30 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.12.2014 at 15:30 EET 

The Stockmann Group's revenue was down 13.1 per cent on the previous year and
amounted to EUR 137.6 million in November 2014. The decline was partly due to
currency effects, mainly the Russian rouble, which weakened 30 per cent on the
previous year compared to the euro. Revenue at comparable exchange rates was
down 8.9 per cent. 

The Department Store Division's revenue was nearly on a par with the previous
year in the Baltic countries and in Russia in rouble. Due to the very weak
exchange rate of the rouble, euro-denominated revenue was down in Russia. The
division's total euro-denominated revenue decreased by 14.7 per cent; down 13.7
per cent in Finland and 17.2 per cent in international operations. 

Lindex's revenue was down 4.9 per cent at comparable exchange rates or 9.2 per
cent in euro-denominated revenue. Seppälä's revenue was down 19.5 per cent or
down 8.9 per cent in comparable stores, excluding the closed 30 stores during
the past 12 months. The Fashion Chain Division's total revenue decreased by
10.4 per cent; down 8.2 per cent in Finland and 10.9 per cent in international
operations. 

Revenue (exclusive of VAT) in November

                                      11/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       59.8     -13.7
Department Store Division,               23.8     -17.2
international operations                               
Department Store Division, total         83.5     -14.7
Fashion Chain Division, Finland           9.6      -8.2
Fashion Chain Division,                  44.4     -10.9
international operations                               
Fashion Chain Division, total            54.0     -10.4
Unallocated                               0.0          
Operations in Finland, total             69.4     -12.9
International operations, total          68.2     -13.2
Stockmann total                         137.6     -13.1



Revenue (exclusive of VAT) in January-November            1-11/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           651.5                       -10.5     -10.9
 Finland                                                                        
Department Store Division,           322.0                       -10.1     -10.1
international operations                                                        
Department Store Division,           973.6                       -10.4     -10.6
 total                                                                          
Fashion Chain Division, Finland      120.6                        -9.1      -9.1
Fashion Chain Division,              541.9                        -7.2      -7.2
international operations                                                        
Fashion Chain Division, total        662.5                        -7.6      -7.6
Unallocated                            0.2                                      
Operations in Finland, total         772.3                       -10.2     -10.5
International operations, total      864.0                        -8.3      -8.3
Stockmann total                    1 636.3                        -9.2      -9.4


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:
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


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