Stockmann Group’s comparison data for the new segment structure

STOCKMANN plc, Other information disclosed according to the rules of the Exchange 8.10.2019 at 10:00 EET

The Stockmann Group’s divisions, Stockmann Retail and Real Estate, were combined into a new Stockmann division as of 1 July 2019. The Group’s new reporting segments are consequently Lindex and Stockmann. Previously, Lindex, Stockmann Retail and Real Estate were reported separately. The new segment reporting structure does not impact the Group’s consolidated figures.

The comparison data for the new segments are presented in the adjoining tables. The figures are unaudited. The Interim report for January–September 2019, which will be published on 30 October 2019, will follow the new segment structure.

The comparison data for the Lindex segment is unchanged. The comparison data for the Stockmann segment includes previously separately reported figures for the segments Stockmann Retail and Real Estate, and Group functions that are not included in unallocated items or the Lindex segment. In the new segment reporting structure unallocated items include Corporate Management, Group Finance Management, Group Treasury and Internal Audit.

CUMULATIVE SEGMENT INFORMATION

Revenue, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex 114.5 114.8 268.5 278.6 425.6 589.9
Stockmann 93.3 87.5 182.1 203.2 288.7 429.0
Unallocated
IFRS 16 impact -0.5 -1.1
Eliminations
Group total 207.2 202.4 449.5 481.8 714.3 1 018.8
Reported operating profit/loss, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex -12.6 -16.2 6.1 3.4 14.2 28.9
Stockmann -10.3 -9.8 -19.1 1.3 -13.2 -5.4
Unallocated -2.3 -0.8 -5.8 -2.0 -3.1 -3.5
Goodwill impairment -25.0
IFRS 16 impact 3.8 7.6
Group total -21.4 -26.9 -11.2 2.7 -2.2 -5.0
Financial income excluding IFRS 16 interest income 0.0 0.2 0.1 0.3 0.4 0.6
Interest income from IFRS 16 contracts 0.2 0.5
Financial expenses excluding IFRS 16 interest expenses -7.1 -8.9 -13.9 -17.8 -25.7 -35.3
Interest expenses from IFRS 16 contracts -6.9 -13.9
Consolidated profit/loss before taxes -35.2 -35.6 -38.5 -14.8 -27.6 -39.6
Adjustments to operating profit/loss, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex -0.3 -1.5 -1.5 -1.5
Stockmann -0.8 -1.7 -3.9 5.2 -5.5 -6.8
Unallocated -2.8
Goodwill impairment -25.0
Group total -0.8 -2.0 -6.8 3.7 -7.1 -33.4
Adjusted operating profit/loss, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex -12.6 -15.9 6.1 4.9 15.7 30.4
Stockmann -9.5 -8.1 -15.2 -3.9 -7.7 1.5
Unallocated -2.3 -0.8 -3.0 -2.0 -3.1 -3.5
IFRS 16 impact 3.8 7.6
Group total -20.6 -24.8 -4.4 -1.0 4.9 28.4
Depreciation, amortisation and impairment losses, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex 4.9 5.1 9.6 10.0 14.9 19.7
Stockmann 8.8 9.1 17.7 18.1 27.1 36.2
Unallocated
Goodwill impairment 25.0
IFRS 16 impact 21.7 43.4
Group total 35.4 14.2 70.7 28.1 42.0 80.9
Capital expenditure, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex 3.9 6.2 9.4 10.3 14.6 20.1
Stockmann 2.5 1.5 6.3 4.8 6.5 9.2
Unallocated
Group total 6.5 7.8 15.8 15.1 21.1 29.3
IFRS 16 additions 21.9 40.2
Total 28.4 7.8 56.0 15.1 21.1 29.3
Assets, EUR mill. 31.3.
2019
31.3.
2018
30.6.
2019
30.6.
2018
30.9.
2018
31.12.
2018
Lindex 793.8 808.2 773.9 784.5 802.8 802.6
Stockmann 858.0 917.9 821.7 883.9 894.6 849.1
Unallocated 2.7 32.1 1.9 29.0 11.0 0.6
Assets classified as held for sale 285.8 184.2 173.5 175.7
IFRS 16 impact 532.1 524.4
Group total 2 186.6 2 044.0 2 121.8 1 881.6 1 881.8 1 827.9
IFRS 16 impact on revenue, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex
Stockmann -0.5 -1.1
Total -0.5 -1.1
IFRS 16 impact on operating profit/loss, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex 1.7 3.0
Stockmann 2.2 4.7
Total 3.8 7.6
IFRS 16 impact on depreciation, amortisation and impairment losses, EUR mill. 1–3/
2019
1–3/
2018
1–6/
2019
1–6/
2018
1–9/
2018
1–12/
2018
Lindex 16.1 32.5
Stockmann 5.6 10.9
Total 21.7 43.4
IFRS 16 Lease liabilities, EUR mill. 31.3.
2019
31.3.
2018
30.6.
2019
30.6.
2018
30.9.
2018
31.12.
2018
Lindex 303.4 303.7
Stockmann 247.8 243.2
Total 551.2 546.9

QUARTERLY SEGMENT INFORMATION

Revenue, EUR mill. Q2/
2019
Q1/
2019
Q4/
2018
Q3/
2018
Q2/
2018
Q1/
2018
Lindex 154.0 114.5 164.3 147.0 163.8 114.8
Stockmann 88.8 93.3 140.2 85.5 115.7 87.5
Unallocated
IFRS 16 impact -0.5 -0.5
Eliminations
Group total 242.3 207.2 304.5 232.5 279.4 202.4
Reported operating profit/loss, EUR mill.
Lindex 18.8 -12.6 14.8 10.8 19.6 -16.2
Stockmann -8.9 -10.3 7.8 -14.6 11.2 -9.8
Unallocated -3.5 -2.3 -0.4 -1.1 -1.2 -0.8
Goodwill impairment -25.0
IFRS 16 impact 3.8 3.8
Group total 10.2 -21.4 -2.8 -4.9 29.6 -26.9
Adjustments to operating profit/loss, EUR mill.
Lindex -1.2 -0.3
Stockmann -3.2 -0.8 -1.3 -10.8 7.0 -1.7
Unallocated -2.8
Goodwill impairment -25.0
Group total -6.0 -0.8 -26.3 -10.8 5.7 -2.0
Adjusted operating profit/loss, EUR mill.
Lindex 18.8 -12.6 14.8 10.8 20.8 -15.9
Stockmann -5.7 -9.5 9.1 -3.8 4.2 -8.1
Unallocated -0.6 -2.3 -0.4 -1.1 -1.2 -0.8
IFRS 16 impact 3.8 3.8
Group total 16.2 -20.6 23.5 5.9 23.8 -24.8


Further information:
Pekka Vähähyyppä, CFO, tel. +358 50 3890012

www.stockmanngroup.com

STOCKMANN plc

Jari Latvanen
CEO

Distribution:
Nasdaq Helsinki
Principal media

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