Profit warning: Stockmann Group’s revised guidance for 2019
STOCKMANN plc, Inside Information 24.4.2019 at 8:00 EET The Stockmann Group’s profit guidance for the year has been revised due to the weakened outlook of Stockmann Retail for the rest of the year. Stockmann now estimates the Group’s adjusted operating profit, excluding Nevsky Centre but including the positive impact of IFRS 16 (approximately EUR 15 million), to be on a par with 2018 (EUR 10.4 million). Lindex is estimated to continue its steady performance. Stockmann Retail is not expected to improve its full-year operating result due to the on-going transformation process. Updated