Brief: Stockmann Q2 Adjusted Operating Result Rises To EUR 35.4 Mln

Lindex Oyj

22/07/2022 06:05

July 22 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * STOCKMANN GROUP'S HALF YEAR FINANCIAL REPORT, 1 JANUARY -
30
JUNE 2022
    * Q2 GROUP'S REVENUE WAS EUR 269.0 MILLION (228.0), UP 18.9%
IN
COMPARABLE CURRENCY RATES
    * OUTLOOK 2022: EXPECTS AN INCREASE IN GROUP'S REVENUE AND
THAT
ADJUSTED OPERATING RESULT IMPROVES COMPARED TO PREVIOUS YEAR
    * OUTLOOK 2022: GUIDANCE IS BASED ON ASSUMPTION THAT THERE
WILL BE
NO MAJOR CHANGES IN CONSUMER SPENDING DURING LATTER PART OF YEAR
    * Q2 OPERATING RESULT INCREASED TO EUR 114.5 MILLION (26.4)
    * Q2 ADJUSTED OPERATING RESULT WAS EUR 35.4 MILLION (26.8)
    * Q2 NET RESULT FOR QUARTER AMOUNTED TO EUR 80.7 MILLION
(19.2)
    * RETAIL MARKET IS EXPECTED TO REMAIN CHALLENGING DUE TO
CHANGES
IN  CONSUMER BEHAVIOUR AND CONFIDENCE

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