Stockmann Oyj Abp
Stockmann Group’s sales in March 2015

Stockmann Oyj Abp 

15.04.2015 15:00

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Helsinki, Finland, 2015-04-15 15:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 15.4.2015 at 16:00 EET 

The Stockmann Group's sales amounted to EUR 150.0 million in March 2015. Sales
were up 17.0 per cent on the previous year at comparable exchange rates.
Euro-denominated sales were up 10.1 per cent. The growth was due to the timing
of the Crazy Days sales campaign in Finland. 

Stockmann Retail
Stockmann Retail's sales were up 30.0 per cent at comparable exchange rates.
Euro-denominated sales were up by 22.3 per cent. 

In Finland, sales were significantly up, by 41.6 per cent, because of the Crazy
Days campaign that this year took place in March. Sales were in particular up
in the stockmann.com online store. 

In international operations, sales were down by 5.1 per cent at comparable
exchange rates. Euro-denominated sales were down by 22.9 per cent. Sales were
down in the Baltic countries and in Russia both in roubles and in euros. 

The Crazy Days campaign took place in Finland in March, but in the Baltic
countries and in Russia in April. In 2014, the campaign was held in April in
all countries. The campaign's total sales were down by 1.4 per cent at
comparable exchange rates. Euro-denominated sales were down by 7.6 per cent. 

The campaign succeeded well in Russia where the sales were up by 9.9 per cent
in roubles. Due to the weak currency, however, sales were down by 12.9 per cent
in euros. In Finland, sales were down by 5.5 per cent, due to a smaller
selection of electronics in the campaign. Sales in the key product areas
(fashion, cosmetics, food and home) were up on the previous year. In the Baltic
countries, the campaign sales were down by 3.9 per cent. 

Fashion Chains
Fashion Chains' sales were down by 1.5 per cent at comparable exchange rates.
Euro-denominated sales were down by 7.3 per cent. 

Lindex's sales were up 0.3 per cent at comparable exchange rates. Sales
increased in Norway and in the eastern Central Europe. Euro-denominated sales
were down by 4.3 per cent due to weak currency exchange rates. 

Seppälä's euro-denominated sales were down by 28.8 per cent. Seppälä is no
longer a part of the Stockmann Group, as the company was divested on 1 April
2015. In the January-March 2015 Interim Report, Seppälä is presented as a part
of the Fashion Chains division in the income statement. In the balance sheet
Seppälä's assets and liabilities are classified as assets held for sale. 

The Group's sales figures include merchandise sales exclusive VAT in Stockmann
Retail's and Fashion Chains' stores. The figure does not include other
operating income such as rental income or service fees. 

Sales (exclusive of VAT) in March

                                    3/2015  Change-%   1-3/2015  Change-%
                                 EUR mill.            EUR mill.          
Stockmann Retail, Finland             79.3      41.6      172.2      11.3
Stockmann Retail,                     18.4     -22.9       55.1     -25.7
international operations                                                 
Stockmann Retail, total               97.7      22.3      227.4      -0.7
Fashion Chains, Finland                8.8      -8.7       26.2      -7.3
Fashion Chains,                       43.5      -7.0      115.3      -7.5
international operations                                                 
Fashion Chains, total                 52.3      -7.3      141.5      -7.4
Operations in Finland, total          88.1      34.2      198.4       8.4
International operations, total       61.9     -12.4      170.5     -14.3
Stockmann total                      150.0      10.1      368.9      -3.4


Change-%: change compared with the corresponding period of the previous year.

Further information:
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


Distribution:
Nasdaq Helsinki
Principal media
News Source: NASDAQ OMX



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Language:     English
Company:      Stockmann Oyj Abp
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009000251
WKN:          
 
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