Stockmann - Company Announcement

Stockmann Group's sales in January 2015

Helsinki, Finland, 2015-02-13 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 13.2.2015 at 8:00 EET 

In 2015, Stockmann will publish a monthly sales release in which merchandise
sales, exclusive VAT, in the Stockmann Retail and Fashion Chains divisions will
be reported. Revenue of the new Real Estate division, which consists of rental
income, and the Group's other operating income will be reported in the interim
reports. 

The Stockmann Group's sales amounted to EUR 119.4 million in January 2015.
Sales were down by 5.7 per cent on the previous year at comparable exchange
rates. Euro-denominated sales were down by 14.3 per cent. 

Stockmann Retail
Stockmann Retail's sales were down by 7.6 per cent at comparable exchange
rates. Euro-denominated sales were down by 17.1 per cent. Sales were down by
9.8 per cent in Finland. Sales in the Helsinki capital area department stores
were strongly affected by the declining tax-free sales due to a low number of
Russian tourists. Sales in the online store stockmann.com were up 21.7 per
cent. 

In international operations, sales were down by 2.2 per cent at comparable
exchange rates. Euro-denominated sales were down by 29.7 per cent. In Russia,
sales increased slightly in roubles, but euro-denominated sales were down by
38.1 per cent. In the Baltic countries, sales were down. In 2014, sales were
exceptional strong when Latvia joined the euro. 

Fashion Chains
Fashion Chains' sales were down by 2.8 per cent at comparable exchange rates.
Euro-denominated sales were down by 9.9 per cent. Lindex's sales at comparable
exchange rates were up 2.0 per cent. Sales increased in all other markets than
in the Baltic countries and in Russia. Euro-denominated sales were down by 5.6
per cent. Seppälä's comparable* sales were down by 18.3 per cent and
euro-denominated sales were down by 31.7 per cent. Seppälä will continue as
part of the Stockmann Group until 1 April 2014. 

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. 

* Comparable sales = Sales at comparable exchange rates excluding closed and
opened stores over the past 12 months. 

Sales (exclusive of VAT) in January

                                               1/2015  Change-%
                                            EUR mill.          
Stockmann Retail, Finland                        49.4      -9.8
Stockmann Retail, international operations       21.9     -29.7
Stockmann Retail, total                          71.3     -17.1
Fashion Chains, Finland                           9.8     -10.2
Fashion Chains, international operations         38.2      -9.8
Fashion Chains, total                            48.1      -9.9
Operations in Finland, total                     59.2      -9.9
International operations, total                  60.2     -18.3
Stockmann total                                 119.4     -14.3

Change-%: change compared with the corresponding period of the previous year.

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


Distribution:
Nasdaq Helsinki
Principal media