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Profit warning: Stockmann Group’s revised guidance for 2020

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STOCKMANN plc, Inside Information 18.3.2020 at 17:00 EET

Stockmann expects that the Coronavirus (COVID-19) outbreak and numerous restrictions and special regulations imposed as a result of this outbreak will considerably decrease the volume of our business operations and profitability.

Updated guidance for 2020:
Due to the rapid changes in the business environment, Stockmann’s previous outlook, published on 13 February 2020, is not valid anymore. Stockmann will provide a new guidance when the visibility in our markets is clearer.

Previous guidance for 2020 (published on 13 February 2020):
Stockmann expects the Group’s operating profit to improve clearly in 2020 (2019: EUR 13.3 million).

Stockmann will publish its Interim report for January–March 2020 on 30 April 2020.

Further information:
Pekka Vähähyyppä, CFO, puh. +358 9 121 3351

www.stockmanngroup.com

STOCKMANN plc

Jari Latvanen
CEO

Distribution:
Nasdaq Helsinki
Principal media

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