Stockmann Group's revenue in January 2013

2/13/2013 1:00 AM EST

Stockmann plc
Company Announcement

Stockmann Group's revenue in January 2013

Helsinki, Finland, 2013-02-13 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 13.2.2013 at 8:00 EET 

The Stockmann Group’s revenue amounted to EUR 152.0 million in January 2013.
Revenue growth, excluding the terminated franchising operations in Russia, was
up 1.7 per cent. Stockmann’s revenue is reported exclusive of value added tax
that was raised by 1 percentage point in Finland as of 1 January 2013. 

The Department Store Division’s revenue, excluding the terminated franchising
operations in Russia, was up 2.3 per cent. Revenue in Finland was up 3.5 per
cent and revenue in international operations was on a par with the previous
year. Revenue was up in the Russian department store business but down in the
Baltic countries where the season sale was started already in December. A year
ago the sale was not started before January. 

Fashion Chain Division’s revenue was up 0.9 per cent; down 6.3 per cent in
Finland and up 2.9 per cent in international operations. Lindex’s
euro-denominated revenue was up 5.4 per cent. Revenue in local currencies was
up 1.0 per cent. Revenue grew in all markets except in Norway. Seppälä’s
revenue was down 16.3 per cent due to a significantly lower level of
merchandise on season sale compared with 2012. 

Revenue (exclusive of VAT) in January

                                       1/2013  Change          Change-%
                                    EUR mill.       %  excl. terminated
                                                           franchising*
Department Store Division, Finland       63.2     3.5               3.5
Department Store Division,               34.2    -4.2               0.3
international operations                                               
Department Store Division, total         97.4     0.6               2.3
Fashion Chain Division, Finland          11.3    -6.3              -6.3
Fashion Chain Division,                  43.3     2.9               2.9
international operations                                               
Fashion Chain Division, total            54.7     0.9               0.9
Other operations                         -0.1                          
Operations in Finland, total             74.4     1.7               1.7
International operations, total          77.6    -0.3               1.7
Stockmann total                         152.0     0.6               1.7

Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the terminated Bestseller
franchising operations in Russia in 2012. 

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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