Stockmann’s best sales development in over two years

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Stockmann reports their best sales development for over two years. Retail sales were up 3.8 percent and Lindex performance was particularly strong in Sweden.

The Stockmann Group’s preliminary sales amounted to 119.4 million EUR in July 2015.

At comparable exchange rates, sales excluding Seppälä were up by 5.5 per cent on the previous year. Performance improved in both Stockmann Retail and Lindex, and this resulted in the Group’s best sales development since May 2013. Euro-denominated sales excluding Seppälä were up 1.1 percent.

Stockmann Retail’s sales were up 3.8 percent at comparable exchange rates. Weak Russian rouble and withdrawing from the own electronics product category, made the euro-denominated sales turn down by 3.0 percent.

In Finland, sales were down by 1.1 percent. Excluding electronics, sales in the department stores were clearly up on the previous year. In the fashion product category Stockmann continued to take market share. In international operations, sales were up 15.2 percent at comparable exchange rates. Sales grew in all department stores despite lower merchandise volume in the summer sale. Euro-denominated sales were down by 6.6 percent due to the weak rouble.

Lindex’s sales were up 9.7 percent at comparable exchange rates. Performance was strong in all market areas, and particularly in the biggest market, Sweden. Euro-denominated sales were up 6.0 percent.

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 July

EUR mill.
Change-% 1-7/2015
EUR mill.
Stockmann Retail, Finland 40.8 -1.1 353.5 -7.9
Stockmann Retail,
international operations
20.8 -6.6 154.4 -18.3
Stockmann Retail, total 61.6 -3.0 507.9 -11.4
Lindex, total 57.8 6.0 357.9 -1.5
Operations in Finland, total* 47.9 -13.6 405.7 -12.1
Operations in Finland, excl. Seppälä 47.9 -0.5 393.7 -7.1
International operations, total* 71.5 -1.5 476.1 -10.1
International operations, excl. Seppälä 71.5 2.3 472.1 -7.9
Stockmann, total* 119.4 -6.7 881.7 -11.0
Stockmann, total excl. Seppälä 119.4 1.1 865.9 -7.5

* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.