Stockmann - Company Announcement

STOCKMANN GROUP SALES IN MAY 2009

STOCKMANN plc
Company Announcement
12.6.2009 at 13.30

STOCKMANN GROUP SALES IN MAY 2009

The Stockmann Group's euro-denominated sales in May were EUR 167.6
million, down 11.4 per cent on the previous year. Due to a calendar
effect, there were two trading days less in the Nordic markets compared to
2008. The downturn in economy as well as the devaluation of the Swedish
krona, the Norwegian krone and the Russian rouble diminished the euro-
denominated sales compared with May 2008.

In May 2009, the Department Store Division's sales declined by 13.2 per
cent, 12.5 per cent in Finland and 15.3 per cent abroad. In Russia, the
rouble-nominated sales of the department stores  increased by 5 per cent,
while the euro-denominated sales decreased by 11 per cent. Sales in the
Baltic department stores were somewhat weaker than in the other markets.

Lindex's sales in local currencies decreased by 2 per cent and the euro-
nominated sales by 11.4 per cent. Sales in Finland grew by 1.8 per cent
and were down by 13.1 per cent abroad.

Seppälä's euro-denominated sales decreased by 5.3 per cent, 5.7 per cent
in Finland and 4.2 per cent abroad. In Russia, Seppälä's rouble-
denominated sales increased by 25 per cent and increased even in euros by
6 per cent.

Hobby Hall's sales decreased by 6.3 per cent. Sales increased by 1.8 per
cent in Finland and decreased by 39.0 per cent in the Baltic countries. As
informed earlier, Hobby Hall has decided to withdraw from the Baltic
markets by the autumn 2009.


Sales figures in May

                            May         January-May               January-
                                                                  December
                                 change                   change          
                     2009   2008  perc.     2009     2008  perc.      2008
                      EUR    EUR  09/08      EUR      EUR  09/08       EUR
                    mill.  mill.           mill.    mill.            mill.
Department Store     59.3   67.8  -12.5    305.4    348.6  -12.4     868.5
Division, Finland
Department Store     19.8   23.4  -15.3    111.4    151.2  -26.3     350.4
Division,
international
operations
Department Store     79.1   91.2  -13.2    416.8    499.8  -16.6   1 218.9
Division, total
Lindex, Finland       7.7    7.6    1.8     28.8     29.1   -1.1      77.1
Lindex,              51.1   58.8  -13.1    205.1    232.9  -11.9     595.5
international
operations
Lindex, total        58.8   66.4  -11.4    233.9    262.0  -10.7     672.5
Hobby Hall, Finland  12.5   12.3    1.8     62.3     66.5   -6.4     157.4
Hobby Hall,           1.9    3.0  -39.0      9.5     15.6  -39.2      33.6
international
operations
Hobby Hall, total    14.3   15.3   -6.3     71.8     82.2  -12.7     191.0
Seppälä, Finland     10.8   11.5   -5.7     42.1     43.1   -2.2     121.1
Seppälä,              4.5    4.7   -4.2     20.1     21.7   -7.6      61.5
international
operations
Seppälä, total       15.3   16.2   -5.3     62.2     64.8   -4.0     182.6
Real estate +         0.0    0.1  -81.6      0.1      0.3  -82.2       0.8
others
Operations in        90.3   99.2   -8.9    438.6    487.6  -10.1   1 224.8
Finland, total
International        77.3   89.9  -14.1    346.1    421.5  -17.9   1 041.0
operations, total
Stockmann total     167.6  189.1  -11.4    784.7    909.1  -13.7   2 265.8


STOCKMANN plc

Hannu Penttilä
CEO


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