Lindex Group

Earnings Release • Dec 10, 2010

Disclosure 283042

Stockmann - Company Announcement

STOCKMANN GROUP'S REVENUE IN NOVEMBER 2010

STOCKMANN plc Company Announcement 10.12.2010 at 11.30 STOCKMANN GROUP'S REVENUE IN NOVEMBER 2010 In November, the Stockmann Group's revenue (exclusive of VAT) exclusive of Hobby Hall's discontinued operations abroad amounted to EUR 153.8 million, up 10.1 per cent. In the Nordic market there was one trading day less than in November 2009. 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 12.3 per cent, up 3.0 per cent in Finland and up 48.7 per cent abroad. Strikes by Itella's (former Finland Post) sorting and delivery staff disturbed the Department Store Division's distance retailing business in November. Stockmann Nevsky Centre was opened in St Petersburg on 12 November and it contributed to a very good sales development in Russia, where the Department Store Division's euro-denominated revenue increased by 70 per cent. Lindex's euro-denominated revenue increased by 8.3 per cent, down 0.5 per cent in Finland and up 9.5 per cent abroad. Development in the new markets in Russia and the Czech Republic continued to be strong. Seppälä's revenue increased by 0.2 per cent. Revenue was slightly down (-2.4 per cent) in Finland and up 6.2 per cent abroad. Sales increased in all Baltic countries as well as in Russia and Ukraine. Revenue (exclusive of VAT) in November November January-November January- December 2010 2009 change 2010 2009 change 2009 EUR EUR perc. EUR EUR perc. EUR mill. mill. 10/09 mill. mill. 10/09 mill. Department Store 71.0 69.0 3.0 718.0 684.9 4.8 785.8 Division, Finland Department Store 26.1 17.6 48.7 238.0 209.7 13.5 235.8 Division, international operations Department Store 97.1 86.5 12.3 956.1 894.6 6.9 1 021.5 Division, total Lindex, Finland 5.0 5.1 -0.5 59.5 58.1 2.3 65.8 Lindex, 41.6 38.0 9.5 452.0 406.5 11.2 461.3 international operations Lindex, total 46.6 43.0 8.3 511.4 464.6 10.1 527.0 Seppälä, Finland 6.8 7.0 -2.4 83.0 82.2 0.9 94.3 Seppälä, 3.3 3.1 6.2 44.1 40.9 7.6 45.2 international operations Seppälä, total 10.1 10.0 0.2 127.0 123.1 3.2 139.5 Real estate + 0.0 0.0 0.0 0.5 0.6 others Operations in 82.8 81.0 2.2 860.5 825.8 4.2 946.4 Finland, total International 70.9 58.6 21.1 734.1 657.1 11.7 742.2 operations, total Stockmann total, 153.8 139.6 10.1 1 594.6 1 482.9 7.5 1 688.6 continuing operations Closed operations: 0.0 0.0 0.0 9.9 9.9 Hobby Hall, international operations Stockmann total 153.8 139.6 10.1 1 594.6 1 492.8 6.8 1 698.5 STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION NASDAQ OMX Principal media