Stockmann Group’s Interim Management Statement for 1 January – 31 March 2020
Good performance in January–February, COVID-19 impacted dramatically on business in MarchSTOCKMANN plc, Interim report 30.4.2020 at 8:00 EETJanuary–March 2020- Consolidated revenue was EUR 168.4 million (207.2), down 17.6% in comparable currency rates.- Gross margin was 54.2% (53.2).- Operating result was EUR -30.5 million (-21.4).- Adjusted operating result was EUR -29.4 million (-20.6, or -21.8 excluding Nevsky Centre).- Adjusted earnings per share were EUR -0.53 (-0.46).- After the reporting period Stockmann plc filed for corporate restructuring on 6 April 2020 (Stock