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
STOCKMANN plc
Jari Latvanen
CEO
Distribution:
Nasdaq Helsinki
Principal media