Finnish retailer Stockmann swings to loss in Q4

Lindex Oyj

05/03/2021 06:14

HELSINKI, March 5 (Reuters) - Finnish department store chain
Stockmann  STCBV.HE  reported on Friday a swing to an operating
loss in the fourth quarter and said it would focus this year on
achieving the targets of its ongoing restructuring programme.
    The 159-year old retailer, which is now selling its
department store properties to pay off debt, said the operating
loss was 238.4 million euros ($285.0 million) compared to a
profit of 25.1 million a year earlier.
($1 = 0.8365 euros)

 (Reporting by Essi Lehto, editing by Anna Ringstrom)
 ((Essi.Lehto@thomsonreuters.com; +358505412375;))