Stockmann Group's sales in April 2016
STOCKMANN plc, Company Announcement 12.5.2016 at 12:00 EET
The Stockmann Group's sales in April were up by 26.8 per cent and amounted to EUR 118.5 million in continuing product areas and businesses. The growth was due to timing of Stockmann's Crazy Days campaign. In 2016, the Crazy Days campaign in Finland was held in April, instead of March as in 2015.
Stockmann Retail's sales in continuing product areas and businesses were up 57.5 per cent due to the Crazy Days campaign. In Finland, sales were up 77.0 per cent due to the campaign's timing. Sales were down by 3.3 per cent in the Baltic countries. When combining Stockmann Retail's sales in March and April, sales were down by 5.9 per cent in total.
Lindex's sales were up 3.2 per cent at comparable exchange rates. Sales increased particularly in the main markets of Sweden, Norway, and Finland. Euro-denominated sales, excluding Russia, were up 0.2 per cent.
Sales (exclusive of VAT) in April
| 4/2016 EUR mill. |
Change-%* | 1-4/2016 EUR mill. |
Change-%* | |
| Stockmann Retail, Finland | 58.2 | 77.0 | 151.3 | -8.3 |
| Stockmann Retail, international operations |
10.2 | -3.3 | 29.1 | -4.6 |
| Stockmann Retail, total | 68.4 | 57.5 | 180.5 | -7.8 |
| Lindex, total | 50.1 | 0.2 | 179.3 | 3.5 |
| Group, Finland, total | 63.9 | 67.2 | 170.8 | -7.5 |
| Group, international operations, total | 54.6 | -1.1 | 188.9 | 2.6 |
| Stockmann Group, total* | 118.5 | 26.8 | 359.8 | -2.5 |
*Continuing product areas and businesses i.e. excluding Russian retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).
Stockmann’s total sales in April 2016 were EUR 125.3 million, including Hobby Hall and Lindex stores in Russia. In April 2015, sales were EUR 136.9 million, including also Russian retail operations, Seppälä and discontinued product areas in department stores.
Change-%: change compared with the corresponding period of the previous year. The Group's sales figures include merchandise sales exclusive VAT in stores and department stores. The figures do not include other operating income such as rental income or service fees.
Further information:
Lauri Veijalainen, Interim CEO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558
STOCKMANN plc
Nora Malin
Director, Corporate Communications
Distribution:
Nasdaq Helsinki
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