STOCKMANN GROUP SALES IN SEPTEMBER 2007

Dienstag, 09.10.2007 10:35 von Hugin - Aufrufe: 109

STOCKMANN plc COMPANY ANNOUNCEMENT October 9, 2007, at 11.30 In September, the Stockmann Group's sales were up 7 per cent and amounted to EUR 129.8 million. In Finland there was one business day less this September than in September 2006. The best percentage increase in sales was reported by Seppälä whose sales were up 21 per cent. The division's sales were up 2 per cent in Finland and a whopping 82 per cent abroad. The strong growth abroad was attributable to the strong like-for-like sales growth in all market areas and the expansion of the network of stores especially in Russia. Sales by the Department Store Division were up 9 per cent. Sales grew by 3 per cent in Finland and 26 per cent abroad. The good growth in International Operations was attributable to the growth in like-for-like sales in all market areas, the effect of the new department store that was opened in Moscow in February, and the expansion of the Bestseller chain in Russia. Sales by Hobby Hall were 10 down on the September last year. Sales were down 9 per cent in Finland and 16 per cent abroad. The decrease in the monthly sales was attributable to the different campaign timing compared with last year and the change in the recording of sales brought by the new data system that was introduced in the spring. As a consequence of this change, the sales made during the last weekend of the month wasn't recorded until in October. STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION OMX Nordic Exchange Helsinki Principal media The full report including tables can be downloaded from the enclosed link.
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