Stockmann Group’s Interim Management Statement, 1 January – 31 March 2022
Stockmann Group had a positive first quarter with clearly improved results across both divisionsSTOCKMANN plc, Interim report, 29.4.2022 at 8:00 EET January–March 2022:- Stockmann Group’s revenue was EUR 196.1 million (155.7), up 27.1% in comparable currency rates.- Gross margin increased to 57.8% (56.3).- Operating result increased to EUR 9.8 million (-27.6).- The adjusted operating result was EUR -3.7 million (-21.1).- Adjustments in Q1 consist mainly of excluding the gain from selling the Riga property, EUR 14.1 million.- Earnings per share were EUR 0.02 (-0.39).-