Stockmann - Company Announcement

STOCKMANN GROUP SALES IN SEPTEMBER 2008

STOCKMANN plc
Company Announcement
10.10.2008 at 9.00

STOCKMANN GROUP SALES IN SEPTEMBER 2008

In September, Stockmann Group's consolidated sales grew by 42 per cent to
EUR 184.1 million. The growth was attributable to including Lindex's sales
in the Stockmann Group's figures and the growth of sales in Seppälä.

Seppälä's total sales increased  by 7 per cent. Sales grew by 5 per cent
in Finland and by 9 per cent abroad.

Lindex's sales were on a par with last year.

Department Store Division's sales decreased by 8 per cent. Sales in
Finland decreased by 8 per cent and sales abroad by 10 per cent. The sales
during last week of September was weak in the Finnish market. Sales abroad
decreased because of the closure in May of the department store in the
Smolensky Passage shopping centre in Moscow due to the illegal action of
the lessor. Sales in other department stores in Moscow developed very well
(comparable growth 30 per cent)  and exceeded during two weekends already
clearly the sales of the previous year with Smolensky Passage store
included in the comparison figure.

Sales of Hobby Hall decreased by 4 per cent, 4 per cent in Finland and 3
per cent abroad. Hobby Hall's sales is affected by a weaker sales of
digital TV sets and set top boxes compared to the digitalization boom in
2007 and the strong price erosion of the same product group.


Sales figures in September

                         September         January-September      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     62.8   68.0   -7.6    596.5    586.0    1.8     871.8
Division, Finland
Department Store     26.8   29.7   -9.6    250.6    231.7    8.1     346.3
Division,
international
operations
Department Store     89.7   97.7   -8.2    847.1    817.7    3.6   1 218.1
Division, total
Lindex, Finland       6.5    0.0            56.6      0.0              7.3
Lindex,              55.5    0.0           440.4      0.0             60.8
international
operations
Lindex, total        62.0    0.0           496.9      0.0             68.1
Hobby Hall, Finland  13.5   14.1   -4.2    112.4    119.7   -6.1     168.5
Hobby Hall,           3.0    3.1   -2.7     24.9     27.8  -10.6      38.0
international
operations
Hobby Hall, total    16.5   17.2   -4.0    137.3    147.5   -6.9     206.5
Seppälä, Finland     10.1    9.6    5.2     86.2     87.4   -1.3     123.1
Seppälä,              5.7    5.2    9.4     44.8     36.2   24.0      51.6
international
operations
Seppälä, total       15.8   14.9    6.7    131.1    123.6    6.1     174.7
Real estate +         0.1    0.1  -12.4      0.6      0.6  -10.5       0.8
others
Operations in        93.0   91.8    1.3    852.3    793.8    7.4   1 171.5
Finland, total
International        91.0   38.0  139.6    760.7    295.7  157.2     496.8
operations, total
Stockmann total     184.1  129.8   41.8  1 613.0  1 089.5   48.1   1 668.3

Sales by Lindex reported as from December 6, 2007.


STOCKMANN plc

Hannu Penttilä
CEO


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