STOCKMANN plc STOCK EXCHANGE RELEASE September 11, 2006, at 11.15
The Stockmann Group's sales in August were EUR 111.8 million. Consolidated sales, eliminating the Zara business in Russia that was divested as from January 1, 2006, and the Stockmann Auto business that was transferred to new owners on March 1, 2006, were up 5 per cent.
The clothing business suffered especially in Finland because the sales of autumn collections did not get started due to the exceptionally warm weather throughout August.
Sales by the Department Store Division were up 7 per cent. Sales remained at the previous year's level despite the new department store in the Jumbo shopping centre, but the continued strong 35 per cent growth in sales abroad led to a clear increase in total sales. In international operations the like-for-like growth was strong in all market areas. Sales were further lifted by the expansion of the Bestseller chain in Russia.
Hobby Hall's sales rose by 7 per cent. Sales were up 6 per cent in Finland and 12 per cent abroad.
Seppälä's sales were down 4 per cent. Sales in Finland were down 14 per cent while they were up 43 per cent abroad, thanks to the strong growth especially in Russia, Latvia and Lithuania.
Hannu Penttilä CEO
DISTRIBUTION Helsinki Stock Exchange Principal media
The full report including tables can be downloaded from the enclosed link.
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