HELSINKI--(BUSINESS WIRE)--Regulatory News:
The Stockmann Group's (HEX:STCAS) (HEX:STCBV) sales in August were up 0.2 per cent and amounted to EUR 86.8 million in continuing product areas and businesses.
Stockmann Retail's sales in continuing product areas and businesses were down by 5.1 per cent. Sales grew in the largest product area, fashion, but declined in other product areas. Sales were down by 6.7 per cent in Finland. The renewal works which continued the entire summer in the department store in Helsinki city centre affected the sales negatively. In the Baltic countries, sales were up 4.1 per cent due to good performance in both Tallinn and Riga department stores.
Lindex's sales were up 2.2 per cent at comparable exchange rates. Sales increased in all Nordic countries, particularly in Norway. Euro-denominated sales were up 4.1 per cent.
Sales (exclusive of VAT) in August
|Sales (exclusive of VAT) in August|
|EUR mill.||EUR mill.|
|Stockmann Retail, Finland||28.5||-6.7||271||-10.6|
|Stockmann Retail, international operations||5.5||4.1||52.5||-3.4|
|Stockmann Retail, total||
|Group, Finland, total||34.9||-5.3||317.2||-9.3|
|Group, international operations, total||51.8||4.3||416.1||1.6|
|Stockmann Group, total*||86.8||0.2||733.3||-3.4|
*Continuing product areas and businesses i.e. excluding Russian retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).
Stockmann’s total sales in August 2016 were EUR 92.9 million, including Hobby Hall. In August 2015, sales were EUR 106.1 million, including also Russian retail operations and discontinued product areas in department stores.
Change-%: change compared with the corresponding period of the previous year. The Group's sales figures include merchandise sales exclusive VAT in stores and department stores. The figures do not include other operating income such as rental income or service fees.
Nora Malin Director, Corporate Communications
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