Finnish retailer Stockmann sees better times ahead

Lindex Oyj

25/02/2022 06:12

HELSINKI, Feb 24 (Reuters) - Finnish premium department
store chain Stockmann  STOCKA.HE  on Friday posted a rise in
fourth-quarter earnings and said it expected the positive
development to continue as long as no major COVID-19
restrictions are imposed anymore.
    The 160-year-old retailer, which has gone through heavy cost
cutting and debt management, said its October-December operating
profit was 50.6 million euros  ($56.8 million), up from a loss
of 256 million in the same quarter a year ago.

($1 = 0.8913 euros)

 (Reporting by Anne Kauranen
Editing by Shri Navaratnam)
 ((anne.kauranen@thomsonreuters.com; +358401895560;))