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Stockmann Group revenues down 2.3% in 2013
09
Jan '14
The Stockmann Group’s preliminary revenue amounted to EUR 232.1 million in December 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 6.1 per cent on the previous year. Christmas sales were less than anticipated in particular in Finland and in Russia. The weakened Russian, Swedish and Norwegian currencies also negatively affected euro-denominated revenue.

The Department Store Division’s revenue was down 8.2 per cent, if the terminated franchising operations are excluded. Revenue was down 5.7 per cent in Finland. Euro-denominated revenue in international operations was down 13.9 per cent. Revenue in rouble was also somewhat down in Russia.

The Fashion Chain Division’s revenue was down 3.3 per cent; down 8.6 per cent in Finland and down 1.9 per cent in international operations. Lindex’s euro-denominated revenue was on a par with the previous year and revenue in local currencies was up 4.7 per cent. Seppälä’s revenue was down 19.3 per cent.

Revenue for 2013

The Stockmann Group’s preliminary revenue for the full year 2013 amounted to EUR 2 037.3 million. Excluding the terminated franchising operations, revenue was down 2.3 per cent on the previous year. Revenue in Finland was down 4.4 per cent. Euro-denominated revenue abroad was down 0.3 per cent on the previous year and accounted for 51.7 per cent of the total revenue.

The Department Store Division’s revenue was down 3.1 per cent, if the terminated franchising operations are excluded. Revenue was down 3.3 per cent in Finland. Euro-denominated revenue in international operations was down 2.7 per cent. Revenue in local currency in the Russian department stores was up on the previous year.

The Fashion Chain Division’s revenue was down 1.1 per cent; down 10.1 per cent in Finland and up 1.3 per cent in international operations. Lindex’s revenue was up 2.6 per cent in euro and up 3.5 in local currencies. Seppälä’s revenue was down 18.0 per cent, partly due to 11 closed stores in 2013.

Stockmann will publish its financial statement bulletin on 13 February 2014 at 8 a.m. EET. The company’s full financial statements and an electronic version of the Annual Report 2013 will be published in the week starting on 24 February 2014. The monthly revenue releases for 2014 will be published on or around the 9th working day of the following month.

Stockmann

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