Stockmann Group’s Interim Report 1 January - 31 March 2017
Operating result continued to improveSTOCKMANN plc, Interim report 28.4.2017 at 8:00 EET JANUARY-MARCH 2017: - Consolidated revenue was EUR 242.7 million (273.1).- Revenue in comparable businesses was down by 2.9%.- Gross margin was 51.1% (50.2%).- Operating result was EUR -27.8 million (-30.3).- Earnings per share were EUR -0.43 (-0.46). - Due to normal seasonal variation, the first-quarter operating result is typically negative.- Guidance for 2017 remains unchanged: Stockmann expects the Group’s revenue for 2017 to decline due to changes in the store network and product