Brief: Stockmann Q2 Operating Result Rises To EUR 26.3 Million

Lindex Oyj

23/07/2021 06:03

July 23 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * STOCKMANN GROUP'S HALF YEAR FINANCIAL REPORT, 1 JANUARY-30
JUNE
2021
    * Q2 CONSOLIDATED REVENUE WAS EUR 228.0 MILLION (182.7), UP
21.4%
IN COMPARABLE CURRENCY RATES
    * Q2 ADJUSTED OPERATING RESULT WAS EUR 26.7 MILLION (0.8)
    * Q2 OPERATING RESULT WAS EUR 26.3 MILLION (-0.4)
    * UPDATED GUIDANCE FOR 2021: STOCKMANN EXPECTS A CLEAR
INCREASE TO
GROUP REVENUE AND ADJUSTED OPERATING RESULT TO BE CLEARLY
POSITIVE ASSUMING THAT NO MAJOR COVID-19 RESTRICTIONS ARE
IMPOSED.
    * COVID-19 PANDEMIC IS STILL HAVING IMPACT ON STOCKMANN
GROUP'S
OPERATING ENVIRONMENT AND CUSTOMER VOLUMES
    * DURING Q2 IN 2021, PANDEMIC CONTINUED TO HAVE A NEGATIVE
IMPACT
ON BUSINESS, ESPECIALLY IN CUSTOMER VOLUMES IN BRICK-AND-MORTAR
STORES
    * ONLINE SALES WERE NOT ABLE TO FULLY COMPENSATE FOR DECLINE
DESPITE STRONG INCREASE IN E-COMMERCE.
    * STOCKMANN DIVISION WILL CONTINUE TO EXECUTE RESTRUCTURING
PROGRAMME AND LINDEX TO DRIVE EFFICIENCIES AND EXPLORE NEW
GROWTH OPPORTUNITIES

Source text for Eikon:  ID:nWkr2n80mQ 
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