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2009-05-12 11:00:00 CEST 2009-05-12 11:00:07 CEST REGULATED INFORMATION Stockmann - Company AnnouncementSTOCKMANN GROUP SALES IN APRIL 2009STOCKMANN plc Company Announcement 12.5.2009 at 12.00 STOCKMANN GROUP SALES IN APRIL 2009 The Stockmann Group's euro-nominated sales in April were EUR 192.3 million, down 13.6 per cent on the previous year. Due to the falling of Easter in April there were two trading days less than in the previous year in the Nordic market. The downturn in economy as well as the devaluation of the Swedish krona, the Norwegian krone and the Russian rouble diminished euro-nominated sales compared with April 2008. In April 2009 the Department Store Division's sales declined by 14.8 per cent, 11.9 per cent in Finland and 21.9 per cent abroad. In Russia, closing down of the Smolenskaya department store in May 2008 still affected sales comparison in April. The like-for-like rouble-nominated sales in the department stores in Moscow increased by 12 per cent while the euro-nominated aggregate sales decreased by 7 per cent. Sales continued to decline clearly in the Baltic countries. The very important Crazy Days campaign succeeded well, taking into consideration the difficult market environment. In Finland, campaign sales were 8 per cent down on the previous spring, in Russia same-store rouble-nominated sales were up by 12 per cent and in the Baltic department stores campaign sales declined by 24 per cent. Lindex's sales in local currencies increased by 2 per cent, while the division's euro-nominated sales decreased by 8.4 per cent. Sales were down 1.6 per cent in Finland and 9.2 per cent abroad. Seppälä's euro-nominated sales decreased by 5.5 per cent, 3.3 per cent in Finland and 9.7 per cent abroad. In Russia, Seppälä's rouble-nominated sales increased by 17 per cent. Sales by Hobby Hall decreased by 26.0 per cent, 18.7 per cent in Finland and 54.4 per cent abroad. The strong decline was partly attributable to the calendar effect brought by Easter (Hobby Hall's sales increased by 5.9 per cent in March), which allowed for fewer picking days in the logistics centre. The demand in the Baltic market was very weak. Stockmann announced yesterday that Hobby Hall withdraws from the Baltic market by autumn 2009. Sales figures in April April January-April 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 83.5 94.8 -11.9 246.1 280.8 -12.4 868.5 Division, Finland Department Store 29.7 38.0 -21.9 91.6 127.8 -28.3 350.4 Division, international operations Department Store 113.2 132.8 -14.8 337.7 408.7 -17.4 1 218.9 Division, total Lindex, Finland 6.1 6.2 -1.6 21.1 21.5 -2.1 77.1 Lindex, 46.4 51.1 -9.2 154.0 174.1 -11.5 595.5 international operations Lindex, total 52.5 57.3 -8.4 175.0 195.6 -10.5 672.5 Hobby Hall, Finland 12.6 15.5 -18.7 49.8 54.3 -8.3 157.4 Hobby Hall, 1.8 4.0 -54.4 7.6 12.6 -39.3 33.6 international operations Hobby Hall, total 14.4 19.4 -26.0 57.4 66.8 -14.1 191.0 Seppälä, Finland 8.2 8.5 -3.3 31.3 31.6 -0.9 121.1 Seppälä, 4.0 4.4 -9.7 15.6 17.1 -8.5 61.5 international operations Seppälä, total 12.3 13.0 -5.5 46.9 48.7 -3.6 182.6 Real estate + 0.0 0.1 -81.7 0.0 0.3 -82.3 0.8 others Operations in 110.4 125.0 -11.7 348.3 388.5 -10.4 1 224.8 Finland, total International 81.9 97.5 -16.0 268.9 331.5 -18.9 1 041.0 operations, total Stockmann total 192.3 222.5 -13.6 617.1 720.0 -14.3 2 265.8 STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION NASDAQ OMX Principal media |
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