Lindex Group

Earnings Release • Jul 9, 2010

Disclosure 279856

Stockmann - Company Announcement

STOCKMANN GROUP'S REVENUE IN JUNE 2010

STOCKMANN plc Company Announcement 9.7.2010 at 11.25 STOCKMANN GROUP'S REVENUE IN JUNE 2010 In June, the Stockman group´s revenue (exclusive of VAT) exclusive of Hobby Hall´s discontinued operations abroad amounted to EUR 137.4 million, up 5.2 per cent. Since the beginning of 2010, Hobby Hall has been a part of the Department Store Division. The Department Store Division's revenue includes Hobby Hall's figures, and the comparison figures have been adjusted accordingly. The Department Store Division´s revenue increased by 1.5 per cent, up 1.8 per cent in Finland and 0.4 per cent abroad. Revenue declined in the Baltic department stores but increased by 9 per cent in Russia. Lindex´s revenue increased by 11.4 per cent, down 5.1 per cent in Finland and up 14.0 per cent abroad. The development in the new markets in Russia and Czech Republic was particularly strong. Seppälä´s revenue increased by 2.7 per cent. Revenue was on a par with the previous year in Finland and in the Baltic markets and increased by 22 per cent in Russia. Thanks to healthy stock levels in all divisions summer sale campaigns were smaller and were started later than in 2009. On the other hand, later school year ending boosted the revenues during the first week of June. Revenue (exclusive of VAT) in June -------------------------------------------------------------------------------- | | June | January-June | January- | | | | | December | -------------------------------------------------------------------------------- | | 2010 | 2009 | chang | 2010 | 2009 | change | 2009 | | | EUR | EUR | e | EUR | EUR | perc. | EUR | | | mill | mill. | perc. | mill. | mill. | 10/09 | mill | | | . | | 10/09 | | | | . | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Department | 56.3 | 55.4 | 1.8 | 375.2 | 362.8 | 3.4 | 785.8 | | Store | | | | | | | | | Division, | | | | | | | | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Department | 15.7 | 15.6 | 0.4 | 116.3 | 110.9 | 4.9 | 235.8 | | Store | | | | | | | | | Division, | | | | | | | | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Department | 72.1 | 71.0 | 1.5 | 491.5 | 473.7 | 3.8 | 1 021.5 | | Store | | | | | | | | | Division, | | | | | | | | | total | | | | | | | | -------------------------------------------------------------------------------- | Lindex, | 6.0 | 6.4 | -5.1 | 30.9 | 29.9 | 3.1 | 65.8 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Lindex, | 46.2 | 40.6 | 14.0 | 232.8 | 205.1 | 13.5 | 461.3 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Lindex, total | 52.3 | 46.9 | 11.4 | 263.7 | 235.1 | 12.2 | 527.0 | -------------------------------------------------------------------------------- | Seppälä, | 8.7 | 8.8 | -1.6 | 45.0 | 43.5 | 3.5 | 94.3 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, | 4.3 | 3.8 | 12.7 | 23.5 | 20.9 | 12.4 | 45.2 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, total | 13.0 | 12.7 | 2.7 | 68.5 | 64.4 | 6.4 | 139.5 | -------------------------------------------------------------------------------- | Real estate + | 0.0 | 0.0 | | 0.3 | 0.3 | | 0.6 | | others | | | | | | | | -------------------------------------------------------------------------------- | Operations in | 71.1 | 70.6 | 0.7 | 451.3 | 436.5 | 3.4 | 946.4 | | Finland, total | | | | | | | | -------------------------------------------------------------------------------- | International | 66.3 | 60.0 | 10.4 | 372.7 | 336.9 | 10.6 | 742.2 | | operations, | | | | | | | | | total | | | | | | | | -------------------------------------------------------------------------------- | Stockmann | 137. | 130.7 | 5.2 | 824.0 | 773.5 | 6.5 | 1 688.6 | | total, | 4 | | | | | | | | continuing | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Closed | 0.0 | 1.4 | | 0.0 | 9.4 | | 9.9 | | operations: | | | | | | | | | Hobby Hall, | | | | | | | | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Stockmann | 137. | 132.1 | 4.1 | 824.0 | 782.9 | 5.2 | 1 698.5 | | total | 4 | | | | | | | -------------------------------------------------------------------------------- STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION NASDAQ OMX Principal media