Stockmann - Company Announcement

Stockmann Group's revenue in August 2014

Helsinki, Finland, 2014-09-11 07:30 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.9.2014 at 8:30 EET 

The Stockmann Group's revenue was down 9.1 per cent on the previous year and
amounted to EUR 138.5 million in August 2014. Weak exchange rates of the
Russian rouble, Swedish krona and Norwegian krone continued to negatively
affect euro-denominated revenue. Revenue at comparable exchange rates was down
6.3 per cent. 

The Department Store Division's revenue was up in the Baltic countries and in
rouble in Russia, but weak performance continued in Finland. The division's
euro-denominated revenue in total decreased by 10.7 per cent; down 13.8 per
cent in Finland and 3.0 per cent in international operations. 

Lindex's revenue was on a par with the previous year at comparable exchange
rates. Due to currency effects, however, euro-denominated revenue was down 5.2
per cent. Seppälä's revenue was down 20.7 per cent, partly due to closures of
several unprofitable stores in Russia during the past 12 months. The Fashion
Chain Division's revenue in total decreased by 7.4 per cent; down 9.8 per cent
in Finland and 6.9 per cent in international operations. 

Revenue (exclusive of VAT) in August

                                       8/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       49.8     -13.8
Department Store Division,               22.8      -3.0
international operations                    
Department Store Division, total         72.6     -10.7
Fashion Chain Division, Finland          12.0      -9.8
Fashion Chain Division,                  53.9      -6.9
international operations                               
Fashion Chain Division, total            65.9      -7.4
Unallocated                               0.0          
Operations in Finland, total             61.9     -13.0
International operations, total          76.7      -5.8
Stockmann total                         138.5      -9.1


Revenue (exclusive of VAT) in January-August

                                  1-8/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           451.7                       -10.6     -11.1
 Finland                                                                        
Department Store Division,           224.0                        -9.3      -9.3
international operations                                                        
Department Store Division,           675.6                       -10.1     -10.5
 total                                                                          
Fashion Chain Division, Finland       89.8                        -9.1      -9.1
Fashion Chain Division,              397.0                        -5.7      -5.7
international operations                                                        
Fashion Chain Division, total        486.8                        -6.4      -6.4
Unallocated                            0.2                                      
Operations in Finland, total         541.7                       -10.2     -10.7
International operations, total      621.0                        -7.1      -7.1
Stockmann total                    1 162.6                        -8.6      -8.8


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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