Brief: Stockmann Q4 Operating Result Swings To Loss Of EUR 238.4 Million

Lindex Oyj

05/03/2021 06:05

March 5 (Reuters) - Stockmann Oyj Abp  STCBV.HE :
    * STOCKMANN GROUP'S FINANCIAL STATEMENTS BULLETIN 2020
    * Q4 CONSOLIDATED REVENUE WAS EUR 232.0 MILLION (285.7),
DOWN
18.1% IN COMPARABLE CURRENCY RATES.
    * Q4 OPERATING RESULT WAS EUR -238.4 MILLION (25.1).
    * Q4 GROSS MARGIN WAS 58.0% (56.6).
    * BOARD OF DIRECTORS WILL PROPOSE THAT NO DIVIDEND WILL BE
PAID
FOR FINANCIAL YEAR 2020.
    * AS OUTLOOK IS UNCLEAR, STOCKMANN WILL PROVIDE A NEW
GUIDANCE
WHEN MARKET VISIBILITY IMPROVES.
    * DESPITE CHALLENGES CAUSED BY COVID-19 PANDEMIC, Q4 WAS
PROFITABLE
    * CUSTOMER BEHAVIOR WAS NOT UNDULY AFFECTED BY COVID-19
SITUATION
AND CHRISTMAS SALES WERE CLOSER TO NORMAL LEVEL

Source text for Eikon:  ID:nWkr8hNtfq 
Further company coverage:  STCBV.HE 

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