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2008-08-06 11:46:00 CEST 2008-08-06 11:46:01 CEST REGULATED INFORMATION Stockmann - Company AnnouncementSTOCKMANN GROUP SALES IN JULY 2008STOCKMANN plc Company Announcement 6.8.2008 at 12.46 STOCKMANN GROUP SALES IN JULY 2008 In July, Stockmann Group's consolidated sales grew by 43 per cent to EUR 161.9 million. The growth was attributable to including Lindex's sales in the Stockmann Group's figures and the growth of sales in Hobby Hall and Seppälä divisions. The Department Store Division's sales were down 6 per cent. Sales declined by 4 per cent in Finland and by 10 per cent abroad. Sales decline in Finland was attributable to smaller amount of sale merchandise compared to previous year and the boom of digital TV sets and set-top boxes during summer 2007. The reason for decline of sales abroad is the closure of the department store in the Smolensky Passage shopping centre in Moscow due to the illegal actions of the lessor. Sales development of other department stores in Moscow was strong. Hobby Hall's sales increased by 7 per cent. Sales grew by 5 per cent in Finland and by 21 per cent abroad. Seppälä's sales increased by 6 per cent. Sales in Finland were on the previous year's level and increased by 21 per cent abroad based on very strong growth in Russia. Lindex's sales decreased in its main markets in Sweden, Norway and Finland but were good in other markets. Sales decline in Sweden, Norway and Finland was attributable to smaller amount of sale merchandise compared to previous year. Sales figures in July July January-July January- December change change 2008 2007 perc. 2008 2007 perc. 2007 EUR EUR 08/07 EUR EUR 08/07 EUR mill. mill. mill. mill. mill. Department Store 56.6 58.8 -3.8 466.4 452.1 3.2 871.8 Division, Finland Department Store 26.2 29.0 -9.6 198.6 177.9 11.7 346.3 Division, international operations Department Store 82.7 87.8 -5.7 665.0 629.9 5.6 1 218.1 Division, total Lindex, Finland 6.8 0.0 43.0 0.0 7.3 Lindex, 45.5 0.0 331.4 0.0 60.8 international operations Lindex, total 52.3 0.0 374.4 0.0 68.1 Hobby Hall, Finland 8.1 7.7 4.8 86.1 89.2 -3.5 168.5 Hobby Hall, 1.5 1.3 20.5 19.3 21.5 -10.2 38.0 international operations Hobby Hall, total 9.6 9.0 7.0 105.4 110.7 -4.8 206.5 Seppälä, Finland 11.6 11.6 -0.3 65.6 68.3 -4.0 123.1 Seppälä, 5.6 4.6 21.3 32.5 26.1 24.8 51.6 international operations Seppälä, total 17.2 16.2 5.9 98.1 94.4 4.0 174.7 Real estate + 0.1 0.1 -10.6 0.4 0.5 -9.7 0.8 others Operations in 83.0 78.2 6.2 661.5 610.0 8.4 1 171.5 Finland, total International 78.8 34.8 126.2 581.8 225.4 158.1 496.8 operations, total Stockmann total 161.9 113.0 43.2 1 243.3 835.5 48.8 1 668.3 Sales by Lindex reported as from December 6, 2007. STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION OMX Nordic Exchange Helsinki Principal media |
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