STOCKMANN GROUP´S SALES IN JUNE 2007 The sales of the Stockmann group continued their strong growth. The June sales increased by 12% to EUR 119.4 million. Sales increased in all business units. The best percentage increase was reported by Seppälä, whose sales were up 17%. In Finland, Seppälä's sales were up 7%, while sales abroad were up 56%. The strong growth in the foreign markets was contributed to by good like-for-like growth in all market areas and the expansion of the retail network, especially in Russia. Hobby Hall increased their sales by 14% in June. In Finland, sales were up 10%, while sales abroad were up 39%. The good growth in the sales abroad was particularly due to the entry into the Lithuanian markets earlier this year. Sales of the Department Store Division were up 10%. In Finland, sales were up 8%, while sales abroad were up 19%. The growth in foreign sales was speeded up by the continuing good growth of the Baltic department stores, the new department store which opened in Moscow in February and the extension of the Bestseller chain in Russia. The total sales of the continuing operations of the group increased by 7% to EUR 722.4 million in the first part of the year. The sales of Seppälä increased by 8%, the sales of the Department Store Division by 7% and the sales of Hobby Hall by 3%. The development of the Hobby Hall sales in the second quarter was influenced by a new information system implemented in April, causing delays in sales entries during the transition period. Sales figures in June -------------------------------------------------------------------------------- | | June | January-June | January | | | | | -Decemb | | | | | er | -------------------------------------------------------------------------------- | | 2007 | 2006 | chang | 2007 | | change | 2006 | | | | | e | | 2006 | perc. | | | | | | perc. | | | | | -------------------------------------------------------------------------------- | | Me | Me | 07/06 | Me | Me | 07/06 | Me | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Department Store | 65.5 | 60.7 | 7.9 | 393.3 | 378.6 | 3.9 | 832.2 | | Division, | | | | | | | | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Department Store | 22.1 | 18.7 | 18.5 | 148.9 | 128.0 | 16.3 | 286.9 | | Division, | | | | | | | | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Department Store | 87.6 | 79.3 | 10.4 | 542.2 | 506.6 | 7.0 | 1119.0 | | Division, total | | | | | | | | -------------------------------------------------------------------------------- | Hobby Hall, | 12.0 | 10.9 | 10.4 | 81.4 | 81.8 | -0.5 | 167.2 | | Finland | | | | | | | | -------------------------------------------------------------------------------- | Hobby Hall, | 2.5 | 1.8 | 38.7 | 20.3 | 17.0 | 19.3 | 32.6 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Hobby Hall, | 14.6 | 12.7 | 14.4 | 101.7 | 98.8 | 2.9 | 199.8 | | total | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, Finland | 12.7 | 11.8 | 7.3 | 56.7 | 57.6 | -1.5 | 123.5 | -------------------------------------------------------------------------------- | Seppälä, | 4.5 | 2.9 | 55.6 | 21.4 | 15.0 | 42.4 | 34.6 | | international | | | | | | | | | operations | | | | | | | | -------------------------------------------------------------------------------- | Seppälä, total | 17.2 | 14.7 | 16.8 | 78.1 | 72.6 | 7.6 | 158.1 | -------------------------------------------------------------------------------- | Real estate + | 0.1 | 0.1 | -10.9 | 0.4 | 0.5 | -9.8 | 0.9 | | others | | | | | | | | -------------------------------------------------------------------------------- | Operations in | 90.3 | 83.5 | 8.1 | 531.8 | 518.4 | 2.6 | 1123.7 | | Finland, total* | | | | | | | | -------------------------------------------------------------------------------- | International | 29.2 | 23.4 | 24.7 | 190.6 | 160.0 | 19.1 | 354.1 | | operations, | | | | | | | | | total | | | | | | | | -------------------------------------------------------------------------------- | Stockmann total* | 119.4 | 106. | 11.8 | 722.4 | 678.4 | 6.5 | 1477.8 | | | | 8 | | | | | | -------------------------------------------------------------------------------- * The figures do not include the sales by the Stockmann Auto division that was divested at the beginning of March 2006. If the sales by Stockmann Auto in January-February 2006 are included in the comparison figures, the change of sales in per cent was: -------------------------------------------------------------------------------- | | January-June 2007 | -------------------------------------------------------------------------------- | | change perc. | -------------------------------------------------------------------------------- | Operations in Finland, total | -10.3 | -------------------------------------------------------------------------------- | Stockmann total | -4.1 | -------------------------------------------------------------------------------- STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION Helsinki Stock Exchange Principal media