Stockmann - Company Announcement

Stockmann Group's revenue in April 2014

Helsinki, Finland, 2014-05-15 14:30 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 15.5.2014 at 15.30 EET 

The Stockmann Group's revenue was down 10.4 per cent on the previous year and
amounted to EUR 190.0 million in April 2014. The decline was primarily due to
weak exchange rates of the Russian rouble, Swedish krona and Norwegian krone.
Revenue at comparable exchange rates was down 5.6 per cent. Due to the timing
of Easter, April had in many countries two sales days less than in 2013. 

The Department Store Division's revenue was down 11.5 per cent. Revenue
decreased by 11.3 per cent in Finland, where the weak market conditions
continued to negatively affect sales. Euro-denominated revenue was down 11.9
per cent in international operations. Revenue in rouble was up in the Russian
department stores. Revenue grew also in the Baltic countries. Revenue in the
Crazy Days campaign was close to the previous year's level at comparable
exchange rates but down 6 per cent in euros. 

The Fashion Chain Division's revenue decreased by 8.0 per cent; down 13.0 per
cent in Finland and 6.9 per cent in international operations. Lindex's
euro-denominated revenue was down 4.3 per cent due to currency effects. At
comparable exchange rates revenue was up by 2.5 per cent with growth in most of
the markets. Seppälä's revenue was down 30.8 per cent. The decline was partly
due to store closings in Russia during the past 12 months. 

Revenue (exclusive of VAT) in April

                                       4/2014  Change-%
                                    EUR mill.          
Department Store Division, Finland       84.2     -11.3
Department Store Division,               46.8     -11.9
international operations                               
Department Store Division, total        131.0     -11.5
Fashion Chain Division, Finland           9.4     -13.0
Fashion Chain Division,                  49.6      -6.9
international operations                               
Fashion Chain Division, total            59.0      -8.0
Unallocated                               0.0          
Operations in Finland, total             93.6     -11.4
International operations, total          96.4      -9.4
Stockmann total                         190.0     -10.4



Revenue (exclusive of VAT) in January-April

                                  1-4/2014                    Change-%  Change-%
                                 EUR mill.            excl. terminated          
                                                          franchising*          
Department Store Division,           246.5                        -9.8     -10.8
 Finland                                                                        
Department Store Division,           126.2                       -10.9     -10.9
international operations                                                        
Department Store Division,           372.7                       -10.2     -10.9
 total                                                                          
Fashion Chain Division, Finland       37.7                        -7.9      -7.9
Fashion Chain Division,              175.1                        -5.1      -5.1
international operations                                                        
Fashion Chain Division, total        212.8                        -5.6      -5.6
Unallocated                            0.1                                      
Operations in Finland, total         284.2                        -9.4     -10.3
International operations, total      301.3                        -7.6      -7.6
Stockmann total                      585.6                        -8.5      -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:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351

www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


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