Stockmann - Company Announcement

Stockmann Group's preliminary revenue in December and for full year 2013

Helsinki, Finland, 2014-01-09 08:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 9.1.2014 at 9:00 EET 

The Stockmann Group's preliminary revenue amounted to EUR 232.1 million in
December 2013. Excluding the terminated franchising operations in Russia and
Finland, revenue was down 6.1 per cent on the previous year. Christmas sales
were less than anticipated in particular in Finland and in Russia. The weakened
Russian, Swedish and Norwegian currencies also negatively affected
euro-denominated revenue. 

The Department Store Division's revenue was down 8.2 per cent, if the
terminated franchising operations are excluded. Revenue was down 5.7 per cent
in Finland. Euro-denominated revenue in international operations was down 13.9
per cent. Revenue in rouble was also somewhat down in Russia. 

The Fashion Chain Division's revenue was down 3.3 per cent; down 8.6 per cent
in Finland and down 1.9 per cent in international operations. Lindex's
euro-denominated revenue was on a par with the previous year and revenue in
local currencies was up 4.7 per cent. Seppälä's revenue was down 19.3 per cent. 

Revenue for 2013

The Stockmann Group's preliminary revenue for the full year 2013 amounted to
EUR 2 037.3 million. Excluding the terminated franchising operations, revenue
was down 2.3 per cent on the previous year. Revenue in Finland was down 4.4 per
cent. Euro-denominated revenue abroad was down 0.3 per cent on the previous
year and accounted for 51.7 per cent of the total revenue. 

The Department Store Division's revenue was down 3.1 per cent, if the
terminated franchising operations are excluded. Revenue was down 3.3 per cent
in Finland. Euro-denominated revenue in international operations was down 2.7
per cent. Revenue in local currency in the Russian department stores was up on
the previous year. 

The Fashion Chain Division's revenue was down 1.1 per cent; down 10.1 per cent
in Finland and up 1.3 per cent in international operations. Lindex's revenue
was up 2.6 per cent in euro and up 3.5 in local currencies. Seppälä's revenue
was down 18.0 per cent, partly due to 11 closed stores in 2013. 

Stockmann will publish its financial statement bulletin on 13 February 2014 at
8 a.m. EET. The company's full financial statements and an electronic version
of the Annual Report 2013 will be published in the week starting on 24 February
2014. The monthly revenue releases for 2014 will be published on or around the
9th working day of the following month. 

Revenue (exclusive of VAT) in December

                                      12/2013          Change-%  Change
                                    EUR mill.  excl. terminated       %
                                                   franchising*        
Department Store Division, Finland      102.5              -5.7    -7.4
Department Store Division,               41.0             -13.9   -14.5
international operations                                               
Department Store Division, total        143.5              -8.2    -9.5
Fashion Chain Division, Finland          17.8              -8.6    -8.6
Fashion Chain Division,                  70.9              -1.9    -1.9
international operations                                               
Fashion Chain Division, total            88.7              -3.3    -3.3
Unallocated                               0.0                          
Operations in Finland, total            120.2              -5.5    -7.0
International operations, total         111.9              -6.6    -6.9
Stockmann total                         232.1              -6.1    -7.0


Revenue (exclusive of VAT) in January-December

                                    1-12/2013          Change-%  Change
                                    EUR mill.  excl. terminated       %
                                                   franchising*        
Department Store Division, Finland      833.6              -3.3    -5.4
Department Store Division,              399.1              -2.7    -5.3
international operations                                               
Department Store Division, total      1 232.7              -3.1    -5.4
Fashion Chain Division, Finland         150.4             -10.1   -10.1
Fashion Chain Division,                 654.9               1.3     1.3
international operations                                               
Fashion Chain Division, total           805.4              -1.1    -1.1
Unallocated                              -0.8                          
Operations in Finland, total            983.3              -4.4    -6.2
International operations, total       1 054.0              -0.3    -1.3
Stockmann total                       2 037.3              -2.3    -3.7


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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