Stockmann - Company Announcement

Stockmann Group's revenue in June 2014

Helsinki, Finland, 2014-07-11 12:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.7.2014 at 13:00 EET 

The Stockmann Group's revenue was down 7.7 per cent on the previous year and
amounted to EUR 151.2 million in June 2014. The decline was partly due to weak
currency exchange rates of the Russian rouble, Swedish krona and Norwegian
krone. Revenue at comparable exchange rates was down 5.0 per cent. 

The Department Store Division's revenue decreased by 7.0 per cent; down 9.7 per
cent in Finland and 1.2 per cent in international operations. Revenue in rouble
grew strongly in the Russian department stores where the summer sale was
started a week earlier than in 2013. 

The Fashion Chain Division's revenue decreased by 8.7 per cent; down 16.0 per
cent in Finland and 6.9 per cent in international operations. Lindex's
euro-denominated revenue was down 5.2 per cent but at comparable exchange
rates, revenue was nearly on a par with the previous year. Seppälä's revenue
was down 28.3 per cent, partly due to closures of several unprofitable stores
during the first half of 2014. 


Revenue (exclusive of VAT) in June

                                       6/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       53.3      -9.7
Department Store Division,               27.8      -1.2
international operations                               
Department Store Division, total         81.1      -7.0
Fashion Chain Division, Finland          12.2     -16.0
Fashion Chain Division,                  57.9      -6.9
international operations                               
Fashion Chain Division, total            70.1      -8.7
Unallocated                               0.0          
Operations in Finland, total             65.5     -10.8
International operations, total          85.7      -5.2
Stockmann total                         151.2      -7.7



Revenue (exclusive of VAT) in January-June

                                  1-6/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           358.0                        -9.6     -10.3
 Finland                                    
Department Store Division,           177.2                        -9.6      -9.6
international operations                                                        
Department Store Division,           535.2                        -9.6     -10.1
 total                                                                          
Fashion Chain Division, Finland       63.7                       -10.3     -10.3
Fashion Chain Division,              291.7                        -5.6      -5.6
international operations                                                        
Fashion Chain Division, total        355.4                        -6.5      -6.5
Unallocated                            0.1                                      
Operations in Finland, total         421.8                        -9.6     -10.2
International operations, total      468.9                        -7.2      -7.2
Stockmann total                      890.7                        -8.3      -8.6



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:
Hannu Penttilä, CEO, tel. +358 9 121 5801

www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


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