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2009-02-13 11:45:00 CET 2009-02-13 11:45:05 CET REGULATED INFORMATION Stockmann - Company AnnouncementSTOCKMANN GROUP SALES IN JANUARY 2009STOCKMANN plc Company Announcement 13.2.2009 at 12.45 STOCKMANN GROUP SALES IN JANUARY 2009 In January, Stockmann Group's sales amounted to EUR 150.5 million, 13.5 per cent down on the corresponding figure in January 2008. The traditional winter sale turned out weaker than usually because part of the sales was made already in December due to price campaigns. The considerably weakened exchange rates of the Swedish krona, the Norwegian krone and the Russian rouble affected euro-nominated sales. Sales by the Department Store Division declined by 16 per cent, 12 per cent in Finland and 24 per cent abroad. Sales in Russia were affected by the closure of the department store in Smolensky Passage shopping centre in Moscow in May 2008 due to illegal action of the lessor. Sales in the other department stores in Moscow were up 5 per cent in euro terms and 24 per cent in rouble terms. Sales by Lindex were down by 11 per cent in euro terms. In local currencies sales were on a par with the previous year. Sales of Seppälä declined by 2 per cent in euro and increased by 1 per cent in local currencies. Sales declined by 1 per cent in Finland, and abroad sales declined 3 per cent in euro and increased by 6 per cent in local currencies. Hobby Hall's sales declined by 17 per cent, 13 per cent in Finland and 33 per cent abroad. Sales declined considerably in Estonia and Latvia and the operations in Russia were discontinued by the beginning of February. Sales figures in January January January-December change 2009 2008 perc. 2008 EUR EUR 09/08 EUR mill. mill. mill. Department Store 56.1 63.5 -11.7 868.5 Division, Finland Department Store 24.7 32.6 -24.1 350.4 Division, international operations Department Store 80.8 96.1 -15.9 1 218.9 Division, total Lindex, Finland 5.4 5.7 -5.2 77.1 Lindex, 36.5 41.4 -11.8 595.5 international operations Lindex, total 41.9 47.1 -11.0 672.5 Hobby Hall, Finland 12.3 14.1 -13.1 157.4 Hobby Hall, 2.0 3.0 -33.0 33.6 international operations Hobby Hall, total 14.3 17.1 -16.6 191.0 Seppälä, Finland 9.0 9.1 -1.1 121.1 Seppälä, 4.5 4.6 -2.7 61.5 international operations Seppälä, total 13.5 13.7 -1.6 182.6 Real estate + 0.0 0.0 -75.4 0.8 others Operations in 82.8 92.5 -10.5 1 224.8 Finland, total International 67.7 81.5 -17.0 1 041.0 operations, total Stockmann total 150.5 174.0 -13.5 2 265.8 STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION NASDAQ OMX Principal media |
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