Stockmann - Company Announcement

Stockmann Group's sales in October 2015

Helsinki, Finland, 2015-11-12 11:30 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 12.11.2015 at 12:30 EET 

The Stockmann Group's sales amounted to EUR 170.2 million in October 2015.
Stockmann has during the year divested Seppälä and the Academic Bookstore and
withdrawn from own electronics offering in its department stores. Sales,
excluding these businesses, were up by 0.3 per cent at comparable exchange
rates. Due to the very weak Russian rouble, euro-denominated sales excluding
Seppälä, books and electronics were down by 6.5 per cent. October had one sales
day less than in the previous year in Finland due to the timing of All Saints'
Day. 

Stockmann Retail
Stockmann Retail's sales, excluding books and electronics in the department
stores, were down by 2.7 per cent at comparable exchange rates. The Crazy Days
campaign succeeded well with a growth of 4.0 per cent in comparable terms. Due
to the weak Russian rouble, euro-denominated sales in October, excluding books
and electronics, were down by 11.1 per cent. 

In Finland, department stores' sales excluding books and electronics were down
by 4.6 per cent. Including these product areas and Hobby Hall, sales were down
by 16.2 per cent. 

In international operations sales were up by 3.5 per cent at comparable
exchange rates. Sales were up in rouble in Russia, but down in the Baltic
countries. Due to the weak Russian rouble, euro-denominated sales were down by
19.5 per cent. 

Lindex
Lindex's sales were up 7.8 per cent at comparable exchange rates. Sales
increased in all markets except in Russia and Poland where Lindex has closed
stores during the year. Euro-denominated sales were up 4.1 per cent. 

The Group's sales figures include merchandise sales exclusive VAT in Stockmann
Retail's and Fashion Chains' stores. The figure does not include other
operating income such as rental income or service fees. 

Sales (exclusive of VAT) in October

                                          10/2015  Change-%  1-10/2015  Change-%
                                        EUR mill.            EUR mill.          
Stockmann Retail, Finland                    73.6     -16.2      508.4     -10.7
Stockmann Retail,                            39.3     -19.5      223.9     -20.3
international operations                                                        
Stockmann Retail, total                     112.9     -17.4      732.3     -13.9
Lindex, total                                57.3       4.1      522.9      -1.2
Operations in Finland, total*                79.5     -19.5      578.2     -15.0
Operations in Finland, excl. Seppälä         79.5     -15.1      566.3      -9.8
International operations, total*             90.7      -9.2      693.1     -10.7
International operations, excl.              90.7      -7.4      688.9      -8.4
 Seppälä                                                                        
Stockmann, total*                           170.2     -14.3    1 271.3     -12.7
Stockmann, total excl. Seppälä              170.2     -11.2    1 255.2      -9.0

* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.

Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


Distribution:
Nasdaq Helsinki
Principal media