Stockmann’s sales up 0.8 percent in February

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The Stockmann Group’s sales were up 0.8 per cent on the previous year in local currencies, but euro-denominated sales were down by 6.4 per cent.

Lindex is the best performing brand as sales at comparable exchange rates were up 5.2 per cent in February.

Stockmann Retail’s sales were on a par with the previous year at comparable exchange rates. Euro-denominated sales were down by 7.6 percent.

In Finland, sales development was better than during many previous months, especially in the fashion and home merchandise areas. In total, sales were down by 1.1 per cent in Finland. Sales in the online store stockmann.com were up 25.3 per cent.

In international operations, sales were up 1.5 per cent at comparable exchange rates. Euro-denominated sales were down by 22.6 per cent. In Russia, sales were at the previous year’s level in roubles, but euro-denominated sales were down by 34.1 per cent. In the Baltic countries, sales were up.

Lindex’s sales at comparable exchange rates were up 5.2 per cent. Sales increased in all other markets than in the Baltic countries and in Poland. Euro-denominated sales were on a par with the previous year. Seppälä’s comparable* sales were down 14.5 per cent and euro-denominated sales were down 19.7 per cent. Seppälä will continue as part of the Stockmann Group until 1 April 2014.

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.

* Comparable sales = Sales at comparable exchange rates excluding closed and opened stores over the past 12 months.

Sales (exclusive of VAT) in February

2/2015
EUR mill.
Change-% 1-2/2015
EUR mill.
Change-%
Stockmann Retail, Finland 43.5 -1.1 92.9 -5.9
Stockmann Retail,
international operations
14.8 -22.6 36.8 -27.0
Stockmann Retail, total 58.3 -7.6 129.6 -13.1
Fashion Chains, Finland 7.6 -1.3 17.4 -6.6
Fashion Chains,
international operations
33.6 -5.3 71.8 -7.7
Fashion Chains, total 41.2 -4.6 89.2 -7.5
Operations in Finland, total 51.1 -1.2 110.3 -6.0
International operations, total 48.4 -11.4 108.6 -15.3
Stockmann total 99.5 -6.4 218.9 -10.9
Change-%: change compared with the corresponding period of the previous year.