Stockmann - Company Announcement

Stockmann Group's revenue in October 2014

Helsinki, Finland, 2014-11-13 12:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 13.11.2014 at 13:00 EET 

The Stockmann Group's revenue was down 6.8 per cent on the previous year and
amounted to EUR 202.8 million in October 2014. The decline was partly due to
currency effects, mainly the Russian rouble, which weakened by almost 20 per
cent compared to the euro. Revenue at comparable exchange rates was down 2.6
per cent. 

The Department Store Division's revenue was up in the Baltic countries and in
rouble in Russia, but due to the weak Russian rouble, euro-denominated revenue
was down. In Finland, revenue declined less than in the previous months due to
the successful Crazy Days campaign. The division's total euro-denominated
revenue decreased by 6.7 per cent; down 6.3 per cent in Finland and 7.5 per
cent in international operations. 

Lindex's revenue was on a par with the previous year at comparable exchange
rates with growth in most of the markets except in Sweden. Due to currency
effects, euro-denominated revenue was down 5.2 per cent. Seppälä's revenue was
down 20.3 per cent or down 8.1 per cent in comparable stores, excluding the
closed 30 stores during the past 12 months. The Fashion Chain Division's total
revenue decreased by 7.2 per cent; down 5.7 per cent in Finland and 7.5 per
cent in international operations. 

Revenue (exclusive of VAT) in October

                                      10/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       90.0      -6.3
Department Store Division,               50.6      -7.5
international operations                               
Department Store Division, total        140.6      -6.7
Fashion Chain Division, Finland          10.9      -5.7
Fashion Chain Division,                  51.3      -7.5
international operations                               
Fashion Chain Division, total            62.2      -7.2
Unallocated                               0.0          
Operations in Finland, total            101.0      -6.2
International operations, total         101.8      -7.5
Stockmann total                         202.8      -6.8



Revenue (exclusive of VAT) in January-October

                                 1-10/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated                    franchising*          
Department Store Division,           591.8                       -10.2     -10.6
 Finland                                                                        
Department Store Division,           298.3                        -9.4      -9.4
international operations                                                        
Department Store Division,           890.0                        -9.9     -10.2
 total                                                                          
Fashion Chain Division, Finland      110.9                        -9.2      -9.2
Fashion Chain Division,              497.5                        -6.9      -6.9
international operations                                                        
Fashion Chain Division, total        608.5                        -7.3      -7.3
Unallocated                            0.2                                      
Operations in Finland, total         702,9                        -9.9     -10.3
International operations, total      795.8                        -7.8      -7.8
Stockmann total                    1 498,7                        -8.8      -9.0


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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