Stockmann - Company Announcement

Stockmann Group's revenue in March and the Crazy Days campaign in April 2014

Helsinki, Finland, 2014-04-14 14:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 14.4.2014 at 15:00 EET 

The Stockmann Group's revenue was down 4.7 per cent on the previous year and
amounted to EUR 141.1 million in March 2014. The decline was due to currency
exchange rates, as the Russian rouble reached its weakest level ever against
the euro and also Swedish krona and Norwegian krone were clearly weaker than a
year ago. Revenue at comparable exchange rates was up 0.4 per cent. 

The Department Store Division's revenue was down 5.5 per cent. Revenue was down
2.6 per cent in Finland and 11.5 per cent in international operations. Revenue
was up in the Baltic department stores, but in Russia revenue continued to
decline due to the weakened rouble. 

The Fashion Chain Division's revenue decreased by 3.6 per cent; down 1.8 per
cent in Finland and down 4.0 per cent in international operations. Lindex's
euro-denominated revenue was down 2.4 per cent. At comparable exchange rates
revenue was up by 4.0 per cent. Seppälä's revenue was down 11.7 per cent,
particularly in Russia due to closed stores and the weak rouble. 

Crazy Days campaign's revenue in April

Revenue in the department stores' Crazy Days campaign, which took place in
April, was close to the previous year's level at comparable exchange rates but
was down 6 per cent in euros. Revenue was up in the Baltic countries by 2 per
cent. In Russia euro-denominated revenue was down 12 per cent but
rouble-denominated revenue was up 8 per cent. In Finland revenue was down 5 per
cent, despite the strong sales growth in the online store. 

Revenue (exclusive of VAT) in March


                                       3/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       58.8      -2.6
Department Store Division,               25.6     -11.5
international operations                               
Department Store Division, total         84.4      -5.5
Fashion Chain Division, Finland           9.7      -1.8
Fashion Chain Division,                  47.0      -4.0
international operations                               
Fashion Chain Division, total            56.7      -3.6
Unallocated                               0.0          
Operations in Finland, total             68.4      -2.3
International operations, total          72.7      -6.8
Stockmann total                         141.1      -4.7



Revenue (exclusive of VAT) in January-March


                                  1-3/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           162.3                        -9.0     -10.6
 Finland                                                                        
Department Store Division,            79.4                       -10.4     -10.4
international operations                                                        
Department Store Division,           241.7                        -9.5     -10.6
 total                                                                          
Fashion Chain Division, Finland       28.3                        -6.1      -6.1
Fashion Chain Division,              125.5                        -4.3      -4.3
international operations                                                        
Fashion Chain Division, total        153.8                        -4.7      -4.7
Unallocated                            0.1                                      
Operations in Finland, total         190.6                        -8.5      -9.8
International operations, total      205.0                        -6.8      -6.8
Stockmann total                      395.6                        -7.6      -8.3


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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