STOCKMANN plc
Company Announcement
9.6.2010 at 10.45
STOCKMANN GROUP'S REVENUE IN MAY 2010
In May, the Stockmann Group's revenue (exclusive of VAT) exclusive of
Hobby Hall's discontinued operations abroad amounted to EUR 141.6 million,
up 3.3 per cent.
Since the beginning of 2010, Hobby Hall has been a part of the Department
Store Division. The Department Store Division's revenue includes Hobby
Hall's figures, and the comparison figures have been adjusted accordingly.
The Department Store Division's revenue was on a par with the previous
year. Revenue was on a par with the previous year in Finland and increased
by 2.3 per cent abroad. Revenue declined in the Baltic department stores
but increased by 14 per cent in Russia. Thanks to a healthy stock level,
price driven campaigns were considerably smaller than in May 2009.
Lindex's revenue increased by 7.6 per cent. Revenue in Finland increased
by 3.4 per cent and revenue abroad was up by 8.2 per cent.
Seppälä's revenue increased by 5.7 per cent, up 3.7 per cent in Finland
and 10.5 per cent abroad.
One seasonal element that affected the sales of all divisions in May was
the school year ending taking place in June, one week later than in 2009.
Revenue (exclusive of VAT) in May
May January-May January-
December
2010 2009 change 2010 2009 change 2009
EUR EUR perc. EUR EUR perc. EUR
mill. mill. 10/09 mill. mill. 10/09 mill.
Department Store 59.9 60.0 -0.2 318.9 307.4 3.7 785.8
Division, Finland
Department Store 17.3 16.9 2.3 100.6 95.2 5.7 235.8
Division,
international
operations
Department Store 77.2 76.9 0.4 419.5 402.7 4.2 1 021.5
Division, total
Lindex, Finland 6.5 6.3 3.4 24.8 23.6 5.3 65.8
Lindex, 44.4 41.0 8.2 186.6 164.6 13.4 461.3
international
operations
Lindex, total 50.9 47.3 7.6 211.4 188.1 12.4 527.0
Seppälä, Finland 9.2 8.9 3.7 36.3 34.6 4.8 94.3
Seppälä, 4.2 3.8 10.5 19.2 17.1 12.4 45.2
international
operations
Seppälä, total 13.4 12.7 5.7 55.5 51.7 7.3 139.5
Real estate + 0.0 0.0 0.2 0.3 0.6
others
Operations in 75.6 75.2 0.6 380.2 365.9 3.9 946.4
Finland, total
International 65.9 61.8 6.7 306.4 276.9 10.7 742.2
operations, total
Stockmann total, 141.6 137.0 3.3 686.6 642.8 6.8 1 688.6
continuing
operations
Closed operations: 0.0 1.6 0.0 8.1 9.9
Hobby Hall,
international
operations
Stockmann total 141.6 138.6 2.2 686.6 650.8 5.5 1 698.5
STOCKMANN plc
Hannu Penttilä
CEO
DISTRIBUTION
NASDAQ OMX
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