Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 24, 2015 6:27 AM 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 B

PO Box 220

Helsinki,  00101

Finland

Founded in 1862

14,925 Employees

Phone:

358 9 1211

Fax:

358 9121 3101

Key Executives for Stockmann Oyj ABP

Chief Executive Officer
Age: 56
Total Annual Compensation: $60.5K
Compensation as of Fiscal Year 2014.

Stockmann Oyj ABP Key Developments

STOCKMANN plc Announces Sales Results for April 2015

STOCKMANN plc announced sales results for April 2015. For the month, sales amounted to EUR 136.9 million.

Stockmann plc Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Stockmann plc reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's loss for the period increased from EUR 40.1 million made a year ago to EUR 56.2 million. Revenue in the quarter declined by 3.8% to EUR 380.4 million, while in comparable currencies a 3.6% growth was recorded. LBITDA was EUR 29.5 million against EUR 25.7 million a year ago. Operating loss was EUR 49.9 million against EUR 43.9 million a year ago. Loss per diluted share came to EUR 0.78 against EUR 0.56 a year ago. Loss before tax was EUR 55.1 million against EUR 49.3 million a year ago. Cash flow used in operating activities was EUR 65.2 million against EUR 112.9 million a year ago. Capital expenditure during the first quarter of the year totalled EUR 16.5 million against EUR 9.4 million a year ago. The company announced that the outlook for 2015 remains unchanged. Due to planned structural changes, the company expects the croup'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. Operating results for the real estate and fashion chains divisions are expected to be positive. Capital expenditure for 2015 is estimated to be approximately EUR 70 million. The operating result will be adversely affected by the increase in depreciation, due to the fair market valuation of the real estate. Depreciation for 2015 is estimated to total over EUR 80 million.

Stockmann Oyj ABP, Q1 2015 Earnings Call, Apr 29, 2015

Stockmann Oyj ABP, Q1 2015 Earnings Call, Apr 29, 2015

Similar Private Companies By Industry

Company Name Region
Tapiolan Sokos Oy Europe
Säästöpörssi Oy Europe
Savonlinnan Varastovalinta Oy Europe
Tuko Oy Europe
Citymarket Oy Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 2, 2015
Seppälä Oy
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Stockmann Oyj ABP, please visit www.stockmanngroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.