Helsinki, Finland, 2014-07-11 12:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc, Company Announcement 11.7.2014 at 13:00 EET
The Stockmann Group’s revenue was down 7.7 per cent on the previous year and amounted to EUR 151.2 million in June 2014. The decline was partly due to weak currency exchange rates of the Russian rouble, Swedish krona and Norwegian krone. Revenue at comparable exchange rates was down 5.0 per cent.
The Department Store Division’s revenue decreased by 7.0 per cent; down 9.7 per cent in Finland and 1.2 per cent in international operations. Revenue in rouble grew strongly in the Russian department stores where the summer sale was started a week earlier than in 2013.
The Fashion Chain Division’s revenue decreased by 8.7 per cent; down 16.0 per cent in Finland and 6.9 per cent in international operations. Lindex’s euro-denominated revenue was down 5.2 per cent but at comparable exchange rates, revenue was nearly on a par with the previous year. Seppälä’s revenue was down 28.3 per cent, partly due to closures of several unprofitable stores during the first half of 2014.
Revenue (exclusive of VAT) in June
| 6/2014 EUR mill. | Change-% | |
| Department Store Division, Finland | 53.3 | -9.7 |
| Department Store Division, international operations | 27.8 | -1.2 |
| Department Store Division, total | 81.1 | -7.0 |
| Fashion Chain Division, Finland | 12.2 | -16.0 |
| Fashion Chain Division, international operations | 57.9 | -6.9 |
| Fashion Chain Division, total | 70.1 | -8.7 |
| Unallocated | 0.0 | |
| Operations in Finland, total | 65.5 | -10.8 |
| International operations, total | 85.7 | -5.2 |
| Stockmann total | 151.2 | -7.7 |
Revenue (exclusive of VAT) in January-June
| 1-6/2014 EUR mill. | Change-% excl. terminated franchising* | Change-% | |
| Department Store Division, Finland | 358.0 | -9.6 | -10.3 |
| Department Store Division, international operations | 177.2 | -9.6 | -9.6 |
| Department Store Division, total | 535.2 | -9.6 | -10.1 |
| Fashion Chain Division, Finland | 63.7 | -10.3 | -10.3 |
| Fashion Chain Division, international operations | 291.7 | -5.6 | -5.6 |
| Fashion Chain Division, total | 355.4 | -6.5 | -6.5 |
| Unallocated | 0.1 | ||
| Operations in Finland, total | 421.8 | -9.6 | -10.2 |
| International operations, total | 468.9 | -7.2 | -7.2 |
| Stockmann total | 890.7 | -8.3 | -8.6 |
Change-%: change compared with the corresponding period of the previous year.
*Change compared with the revenue excluding the Zara franchising operations in Finland which were terminated on 1 March 2013.
Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
www.stockmanngroup.com
STOCKMANN plc
Hannu Penttilä
CEO
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NASDAQ OMX
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