Stockmann - Company Announcement

Stockmann Group's sales in August 2015

Helsinki, Finland, 2015-09-11 13:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 11.9.2015 at 14:00 EET 

The Stockmann Group's sales amounted to EUR 106.0 million in August 2015.
Unusually warm weather affected sales in both Stockmann Retail and Lindex. At
comparable exchange rates, sales excluding Seppälä were down by 10.3 per cent.
The Russian rouble weakened in August by 52.3 per cent compared on the previous
year. As a result, euro-denominated sales excluding Seppälä were down by 15.9
per cent. 

Stockmann Retail
Stockmann Retail's sales were down by 14.5 per cent at comparable exchange
rates. Due to the weak Russian rouble, euro-denominated sales were down by 20.8
per cent. 

In Finland, sales were down by 17.4 per cent. The decline was partly due to
withdrawing from the own electronics product category. Excluding electronics,
department stores' sales were down 10 per cent. Despite the decline, sales in
women's, men's and children's fashion were above the general fashion market
development in Finland. 

In international operations, sales were down by 5.9 per cent at comparable
exchange rates. In the Baltic countries, sales declined, but in Russia, sales
in rouble were on a par with the previous year. Due to the significantly weaker
Russian rouble, euro-denominated sales were down by 28.5 per cent. 

Fashion Chains
Lindex's sales were down by 6.4 per cent at comparable exchange rates. The warm
weather had a clear impact on the sales in the main markets. However, Lindex's
sales developed better than the general clothing market in Sweden.
Euro-denominated sales were down by 9.9 per cent. 

The Group's sales figures include merchandise sales exclusive VAT in Stockmann
Retail's and Fashion Chains' stores. The figure does not include other
operating income such as rental income or service fees. 

Sales (exclusive of VAT) in August

                                           8/2015  Change-%   1-8/2015  Change-%
                                        EUR mill.            EUR mill.          
Stockmann Retail, Finland                    39.2     -17.4      392.9      -9.0
Stockmann Retail,                            15.1     -28.5      169.4     -19.4
international operations                                                        
Stockmann Retail, total                      54.3     -20.8      562.3     -12.4
Lindex, total                                51.7      -9.9      411.0      -2.5
Operations in Finland, total*                45.5     -23.5      451.3     -13.5
Operations in Finland, excl. Seppälä         45.5     -15.6      439.4      -8.1
International operations, total*             60.5     -19.1      538.1     -11.0
International operations, excl.              60.5     -16.1      534.0      -8.8
 Seppälä                                                                        
Stockmann, total*                           106.0     -21.0      989.4     -12.2
Stockmann, total excl. Seppälä              106.0     -15.9      973.4      -8.5


* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.

Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


Distribution:
Nasdaq Helsinki
Principal media