Stockmann’s net loss in January-September grew by 37%

Stockmann’s net loss in January-September grew by 37%


Loss per share in the reporting period amounted to € 1,17 0,86 euros against a year earlier. For the third quarter of the company’s net loss grew in annual terms by 21% to € 16.5 million.

MOSCOW, 28 Oct. Net loss of Finnish retailer Stockmann in the first nine months of 2015 increased 37% compared with the same period a year ago, up to 84.6 million euros, the message of the company.

Loss per share in the reporting period amounted to € 1,17 0,86 euros against a year earlier. Revenue the Finnish company fell by 12%, reaching to 1.14 billion euros.

For the third quarter of the company’s net loss grew in annual terms by 21% to € 16.5 million. In terms of action it was 0.23 euros against 0.19 Euro a year earlier. Quarterly revenue reached 350,9 million euros, which is 13% lower than a year ago.

The company Stockmann is based in 1862, currently operates more than 700 stores in 15 countries, including Finland, the Baltic States, in Russia and Ukraine. Stockmann owns a chain of eponymous stores, and retail chains Seppala and Lindex. In Russia, Stockmann is present since 1989, currently working in Russia Department stores in St Petersburg, Moscow and Yekaterinburg.