Stockmann - Company Announcement

Stockmann Group's revenue in June 2013

Helsinki, Finland, 2013-07-11 11:45 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.7.2013 at 12:45 EET 

The Stockmann Group's revenue amounted to EUR 163.8 million in June 2013.
Revenue, excluding the terminated franchising operations in Russia and Finland,
was up 1.3 per cent. 

The Department Store Division's revenue, excluding the terminated franchising
operations, was down 1.0 per cent. Revenue was down 3.3 per cent in Finland.
Revenue under the Stockmann brand was almost on a par with the previous year,
but Hobby Hall's revenue was clearly down. Euro-denominated revenue in
international operations was up 4.4 per cent despite the weakened Russian
rouble. Growth was particularly strong in the Baltic department stores and the
newest stores in Russia. 

Fashion Chain Division's revenue was up 4.2 per cent; down 10.7 per cent in
Finland and up 8.4 per cent in international operations. Lindex's
euro-denominated revenue was up 8.6 per cent. Revenue in local currencies was
up 9.0 per cent with growth in all countries except in Finland. Sales in Sweden
improved strongly after several months of slow performance. Seppälä's revenue
was down 15.5 per cent. Revenue was somewhat affected by the closure of 15
stores during the past 12 months. 



Revenue (exclusive of VAT) in June




                                       6/2013  Change          Change-%
                                    EUR mill.       %  excl. terminated
                                                           franchising*
Department Store Division, Finland       59.0    -6.4              -3.3
Department Store Division,               28.1     0.5               4.4
international operations                                               
Department Store Division, total         87.1    -4.3              -1.0
Fashion Chain Division, Finland          14.5   -10.7             -10.7
Fashion Chain Division,                  62.3     8.4               8.4
international operations                                               
Fashion Chain Division, total            76.8     4.2               4.2
Other operations                         -0.1                          
Operations in Finland, total             73.4    -7.4              -5.1
International operations, total          90.4     5.8               7.1
Stockmann total                         163.8    -0.6               1.3


Revenue (exclusive of VAT) in January-June




                                     1-6/2013  Change          Change-%
                                    EUR mill.       %  excl. terminated
                                                           franchising*
Department Store Division, Finland      399.1    -2.5              -0.8
Department Store Division,              196.1    -0.4               3.2
international operations                                               
Department Store Division, total        595.2    -1.8               0.5
Fashion Chain Division, Finland          71.0   -11.6             -11.6
Fashion Chain Division,                 309.0     2.9               2.9
international operations                                               
Fashion Chain Division, total           380.0    -0.2              -0.2
Other operations                         -0.4                          
Operations in Finland, total            469.7    -4.1              -2.8
International operations, total         505.1     1.6               3.0
Stockmann total                                                        
                                        974.8    -1.3               0.2


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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