STOCKMANN plc Company Announcement 10.7.2008 at 11.00 STOCKMANN GROUP SALES IN JUNE 2008 In June, Stockmann Group's consolidated sales grew by 44 per cent to EUR 172.2 million. The growth was attributable entirely to including Lindex's sales in the Stockmann Group's figures. Sales in all business divisions were down on those of the previous June, which was an excellent sales month. There were as many days of sales as last year, but the number of Sundays that fell in June 2008 totalled five (four in 2007). Sundays are less busy than the other days of the week, especially in the Nordic market. The Department Store Division's sales were down 6 per cent. Sales in Finland declined by 7 per cent and abroad by 4 per cent. The decline of sales abroad was attributable to the closure of the department store in the Smolensky Passage shopping centre in Moscow due to the illegal actions of the lessor. Sales of the other department stores in Moscow grew strongly in June. Likewise, the retail performance by the department stores in the Baltic countries was up, despite the slowdown of the economy. Seppälä's sales were down 6 per cent. Sales in Finland were down 14 per cent, but grew abroad by 14 per cent due to the strong rate of growth in Russia especially. Hobby Hall's sales decreased by 7 per cent. Sales in Finland decreased by 5 per cent and abroad by 14 per cent. Lindex's sales, too, were down in its main market areas in Sweden, Norway and Finland. Stockmann Group's sales year-on-year have developed stronger in the first days of July than in June. Sales figures in June -------------------------------------------------------------------------------- | | June | January-June | January- | | | | | December | -------------------------------------------------------------------------------- | | 2008 | 2007 | chang | 2008 | | change | 2007 | | | | | e | | 2007 | perc. | | | | | | perc. | | | | | -------------------------------------------------------------------------------- | | EUR | EUR | 08/07 | EUR | EUR | 08/07 | EUR | | | mill. | mill. | | mill. | mill. | | mill. | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Department | 61.2 | 65.5 | -6.5 | 409.9 | 393.3 | 4.2 | 871.8 | | Store | | | | | | | | | Division, | | | | | | | | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Department | 21.2 | 22.1 | -3.9 | 172.4 | 148.9 | 15.8 | 346.3 | | Store | | | | | | | | | Division, | | | | | | | | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Department | 82.5 | 87.6 | -5.9 | 582.3 | 542.2 | 7.4 | 1 218.1 | | Store | | | | | | | | | Division, | | | | | | | | | total | | | | | | | | -------------------------------------------------------------------------------- | Lindex, | 7.1 | 0.0 | | 36.2 | 0.0 | | 7.3 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Lindex, | 52.8 | 0.0 | | 285.7 | 0.0 | | 60.8 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Lindex, total | 60.0 | 0.0 | | 321.9 | 0.0 | | 68.1 | -------------------------------------------------------------------------------- | Hobby Hall, | 11.4 | 12.0 | -5.0 | 78.0 | 81.4 | -4.2 | 168.5 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Hobby Hall, | 2.2 | 2.5 | -14.2 | 17.8 | 20.3 | -12.1 | 38.0 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Hobby Hall, | 13.6 | 14.6 | -6.6 | 95.8 | 101.7 | -5.8 | 206.5 | | total | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, | 10.9 | 12.7 | -13.6 | 54.0 | 56.7 | -4.7 | 123.1 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, | 5.1 | 4.5 | 14.0 | 26.9 | 21.4 | 25.5 | 51.6 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, total | 16.1 | 17.2 | -6.3 | 80.9 | 78.1 | 3.6 | 174.7 | -------------------------------------------------------------------------------- | Real estate + | 0.1 | 0.1 | -11.9 | 0.4 | 0.4 | -9.6 | 0.8 | | others | | | | | | | | -------------------------------------------------------------------------------- | Operations in | 90.8 | 90.3 | 0.6 | 578.4 | 531.8 | 8.8 | 1 171.5 | | Finland, total | | | | | | | | -------------------------------------------------------------------------------- | International | 81.4 | 29.2 | 179.2 | 502.9 | 190.6 | 163.8 | 496.8 | | operations, | | | | | | | | | total | | | | | | | | -------------------------------------------------------------------------------- | Stockmann | 172.2 | 119.4 | 44.2 | 1 | 722.4 | 49.7 | 1 668.3 | | total | | | | 081.3 | | | | -------------------------------------------------------------------------------- Sales by Lindex reported as from December 6, 2007. STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION OMX Nordic Exchange Helsinki Principal media