Stockmann Group’s Interim Management Statement, 1 January – 31 March 2021
Improved adjusted result despite strict COVID-19 restrictionsSTOCKMANN plc, Interim report, 30.4.2021 at 8.00 EET January–March 2021:- Consolidated revenue was EUR 155.7 million (168.4), down 7.1% in comparable currency rates.- Gross margin was 56.3% (54.2).- Operating result was EUR -27.7 million (-27.8).- The adjusted operating result was EUR -21.1 million (-26.7).- Earnings per share were EUR -0.41 (-0.52).- Adjusted earnings per share were EUR -0.32 (-0.50). Guidance for 2021:The prolonged COVID-19 pandemic gives rise to a lack of clarity in Stockmann’s business