Nordic Business Report-April 26, 2006-Stockmann reports 3-month operating profit of EUR8.5m
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Finnish department store chain Stockmann Oyj Abp reported on Wednesday (26 April) an operating profit of EUR8.5m on revenue of EUR330.5m for the financial quarter January-March 2006.
Operating profit for the three-month period increased from EUR1.6m while revenue decreased from EUR334.1m, as compared to the corresponding period in 2005.
Retail sales excluding the motor trade are estimated to increase by about 2-3% in Finland in 2006. Stockmann's target for the full year 2006 is for the group to post markedly higher profit before taxes than it did in 2005.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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