Stockmann - Inside information

Stockmann Group’s restated comparison data for 2016 and 2017

STOCKMANN plc, Inside Information 10.8.2017 at 9:35 EET

Stockmann signed in June an agreement on the sale of the Stockmann Delicatessen
operations in Finland to S Group’s regional cooperatives. If approval from the
Finnish Competition and Consumer Authority is granted during 2017, the
transaction can be completed on 31 December 2017. As a consequence, the
Stockmann Delicatessen food operations in Finland have been classified as assets
held for sale and reported as discontinued operations. The Delicatessen in the
Baltic countries will remain with Stockmann and is reported as a part of
Stockmann Retail’s continuing operations.

The change will be in effect from the half year report 2017 onwards and it has
effect only on the Stockmann Retail segment. The comparison figures for
continuing operations in the income statement and related items are restated
accordingly. The restated comparison figures for 2016 and for the first quarter
of 2017 are presented in the adjoining tables. The figures are unaudited.

Stockmann will publish its half year report 2017 on 16 August 2017.

Restated consolidated income statement:

EUR
1-3/20  1-3/20  1-6/20  1-9/20  1-12/20
mill.


17      16      16      16       16
Continuing operations
REVENUE
216.9   243.2   563.9   827.8   1175.7
Other operating income
0.0     0.0     0.6     1.2      1.2
Materials and consumables
-101.2  -114.8  -252.3  -366.7   -520.4

Wages, salaries and employee benefit expenses
-58.4   -70.6  -141.4  -201.8   -270.4

Depreciation, amortisation and impairment losses
-15.0   -13.5   -28.0   -42.1    -57.3
Other operating expenses
-67.4   -70.6  -151.6  -222.4   -300.6

Total expenses
-242.0  -269.5  -573.4  -833.1  -1148.7

OPERATING PROFIT/LOSS
-25.1   -26.4    -8.9    -4.1     28.3
Financial income
0.6     0.4     0.7     0.9      0.8
Financial expenses
-5.2    -4.7    -9.6   -14.9    -23.9
Total financial income and expenses
-4.6    -4.3    -8.9   -14.0    -23.1
PROFIT/LOSS
-29.7   -30.6   -17.8   -18.0      5.2
BEFORE TAX
Income taxes
2.8     3.0    -5.2   -10.4    -12.7
PROFIT/LOSS
-26.9   -27.6   -23.0   -28.4     -7.5
FROM CONTINUING OPERATIONS
Profit/loss from discontinued operations
-2.7     6.4     0.1    -1.7      4.3
NET PROFIT/LOSS
-29.6   -21.2   -22.9   -30.1     -3.2
FOR THE PERIOD
Profit/loss for the period attributable to:
Equity holders of the parent company
-29.6   -21.2   -22.9   -30.1     -3.2
Earnings per share, EUR:
From continuing operations (undiluted and diluted)
-0.39   -0.40   -0.36   -0.45    -0.18
From discontinued operations (undiluted and diluted)
-0.04    0.09    0.00   -0.02     0.06
From the period result (undiluted and diluted)
-0.43   -0.31   -0.35   -0.47    -0.12

Restated Group’s operating segments:

Revenue                         1-3/20  1-3/20  1-6/2016  1-9/2016  1-12/2016
                                    17      16
EUR mill.
Lindex                           123.2   130.2     305.8     461.9      633.2
Stockmann Retail                  83.7   105.2     241.9     341.1      508.3
Real Estate                       17.0    14.8      29.6      44.5       60.1
Unallocated                        0.0     0.0       0.0       0.0        0.0
Eliminations                      -7.0    -7.1     -13.4     -19.7      -25.8
Group total                      216.9   243.2     563.9     827.8     1175.7
Reconciliation to the reported
revenue:
Delicatessen food operations      25.8    30.0      62.0      87.0      127.4
classified as discontinued
operations
Reported Group total             242.7   273.1     625.9     914.7     1303.2

Operating profit/loss           1-3/20  1-3/20  1-6/2016  1-9/2016  1-12/2016
                                    17      16
EUR mill.
Lindex                           -14.7    -8.5      19.6      35.3       54.9
Stockmann Retail                 -14.7   -21.3     -35.5     -51.6      -39.1
Real Estate                        6.4     6.0      11.4      16.5       21.1
Unallocated                       -2.1    -2.6      -4.5      -4.2       -8.6
Group total                      -25.1   -26.4      -8.9      -4.1       28.3
Reconciliation to the reported
operating profit/loss:
Delicatessen food operations      -2.7    -4.0     -10.3     -12.2      -10.7
classified as discontinued
operations
Reported Group total             -27.8   -30.3     -19.2     -16.3       17.6

Restated information per quarter:

Revenue                         1-3/20  1-3/20  4-6/20  7-9/2016  10-12/2016
                                    17      16      16
EUR mill.
Lindex                           123.2   130.2   175.6     156.1       171.3
Stockmann Retail                  83.7   105.2   136.7      99.2       167.1
Real Estate                       17.0    14.8    14.7      14.9        15.7
Unallocated                        0.0     0.0     0.0       0.0         0.0
Eliminations                      -7.0    -7.1    -6.4      -6.3        -6.1
Group total                      216.9   243.2   320.7     263.9       348.0
Reconciliation to the reported
revenue:
Delicatessen food operations      25.8    30.0    32.0      25.0        40.5
classified as discontinued
operations
Reported Group total             242.7   273.1   352.7     288.9       388.4

Operating profit/loss           1-3/20  1-3/20  4-6/20  7-9/2016  10-12/2016
                                    17      16      16
EUR mill.
Lindex                           -14.7    -8.5    28.1      15.7        19.6
Stockmann Retail                 -14.7   -21.3   -14.2     -16.1        12.5
Real Estate                        6.4     6.0     5.4       5.1         4.6
Unallocated                       -2.1    -2.6    -1.8       0.2        -4.4
Group total                      -25.1   -26.4    17.5       4.8        32.3
Reconciliation to the reported
operating profit/loss:
Delicatessen food operations      -2.7    -4.0    -6.3      -1.9         1.5
classified as discontinued
operations
Reported Group total             -27.8   -30.3    11.1       2.9        33.8

Further information:
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com

STOCKMANN plc

Lauri Veijalainen
CEO

Distribution:
Nasdaq Helsinki
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