Stockmann Group’s adjusted operating profit improved in 2018 – an impairment of EUR 25 million recorded in goodwill
STOCKMANN plc, Stock Exchange Release 24.1.2019 at 16:45 EET The Stockmann Group’s adjusted operating profit (EBIT) for 2018 was according to unaudited preliminary information approximately EUR 28 million (2017: 12.3). The operating profit improved from previous year in Lindex and Real Estate, but Stockmann Retail’s operating result was lower than in the previous year mainly due to the weak development in the last quarter. The Group’s revenue for the full year 2018 amounted to approximately EUR 1 019 million (2017: 1 055.9), down by 1% in comparable exchange rates. Stockmann has