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September 02, 2015 6:08 PM ET

Multiline Retail

Company Overview of Stockmann Oyj ABP

Company Overview

Stockmann Oyj Abp engages in the retail trade activities in Finland, Sweden, Norway, the Baltic countries, and Central Europe. It operates in three segments: Stockmann Retail, Real Estate, and Fashion Chains. The Stockmann Retail segment operates Stockmann department stores; the Academic Bookstore; the Stockmann Beauty stores; Stockmann.com and Akateeminen.com online stores; and Hobby Hall, a distance retailing business that provides online store and mail order services. This segment operates 16 department stores in 4 countries, which offer fashion products, cosmetics, food in Stockmann Delicatessen, and home products. The Real Estate segment leases retail space in its department stores; and...

Aleksanterinkatu 52

Helsinki,  00100

Finland

Founded in 1862

12,747 Employees

Phone:

358 9 1211

Fax:

358 9121 3101

Key Executives for Stockmann Oyj ABP

Chief Executive Officer
Age: 57
Total Annual Compensation: $60.5K
Compensation as of Fiscal Year 2014.

Stockmann Oyj ABP Key Developments

Stockmann Group Announces Sales Results for the Month and Year to Date Ended July 2015

Stockmann Group announced sales results for the month and year to date ended July 2015. For the month, the company's sales amounted to EUR 119.4 million in July 2015. For the year to date, the company's sales amounted to EUR 865.9 million.

Stockmann plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Stockmann plc reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenue was EUR 405.8 million against of EUR 495.3 million, down 10.9%. Operating profit excluding non-recurring items was EUR 5.7 million against of EUR 3.5 million for the same period a year ago. Operating loss was EUR 4.1 million compared to operating profit of EUR 3.5 million a year ago. Result before tax was negative at EUR 8.9 million compared to EUR 3.8 million a year ago. Result for the period was negative at EUR 11.9 million compared to EUR 8.1 million a year ago. Earnings per share, undiluted was negative at EUR 0.16 compared to EUR 0.11 a year ago. Cash flow from operating activities was EUR 17.2 million compared to EUR 77.5 million a year ago. Capital expenditures were EUR 9.7 million compared to EUR 17.8 million a year ago. For the six months, the company’s revenue was EUR 786.2 million against of EUR 890.9 million, down 4.0% at comparable exchange rates excluding Seppälä. Operating loss excluding non-recurring items was EUR 44.2 million against of EUR 40.3 million a year ago. Result for the period excluding non-recurring items was negative at EUR 58.2 million against of EUR 48.2 million a year ago. Earnings per share excluding non-recurring items came to negative at EUR 0.81 against of EUR 0.67 a year ago. Operating result was negative at EUR 54.0 million compared to EUR 40.3 million a year ago. Result before tax was negative at EUR 68.0 million compared to EUR 48.3 million a year ago. Earnings per share, undiluted was negative at EUR 0.94 compared to EUR 0.67 a year ago. Cash flow from operating activities was EUR 48.0 million compared to EUR 35.5 million a year ago. Capital expenditures were EUR 26.2 million compared to EUR 27.3 million a year ago. Return on capital employed was negative at 5.2% compared to 1.3% a year ago. The company provided earnings guidance for the full year of 2015. For the period, the company expects the group’s revenue in 2015 to be down on 2014. The operating result excluding non-recurring items is expected to improve, but to remain negative in 2015 due to the performance of the Stockmann Retail division. Capital expenditure for 2015 is estimated to be approximately EUR 70 million. The operating result will be adversely affected by the increase in depreciation as a result of the fair market valuation of the real estate. Depreciation for 2015 is estimated to total over EUR 80 million.

Stockmann Oyj ABP, H1 2015 Earnings Call, Aug 12, 2015

Stockmann Oyj ABP, H1 2015 Earnings Call, Aug 12, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 18, 2015
Stockmann Oyj ABP, Academic Bookstore
Merger/Acquisition
February 2, 2015
Seppälä Oy
 

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