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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

3.95EUR
21 Sep 2018
Change (% chg)

€-0.12 (-3.07%)
Prev Close
€4.07
Open
€4.01
Day's High
€4.20
Day's Low
€3.95
Volume
48,951
Avg. Vol
22,090
52-wk High
€6.49
52-wk Low
€3.60

Latest Key Developments (Source: Significant Developments)

Stockmann To Sell Its Book House Property
Wednesday, 9 May 2018 

Stockmann Oyj Abp ::STOCKMANN TO SELL ITS BOOK HOUSE PROPERTY.STOCKMANN TO SELL ITS BOOK HOUSE PROPERTY.TRANSACTION HAS A POSITIVE PROFIT/LOSS EFFECT OF EUR 7 MILLION AND A POSITIVE CASH FLOW EFFECT OF EUR 108 MILLION.SALES PRICE OF EUR 108.6 MILLION.WILL USE PROCEEDS TO A REPAYMENT OF ITS TERM LOAN MATURING IN JUNE 2018..SHARES RISE 4 PERCENT.  Full Article

Stockmann Q1 Adjusted EBIT Loss In Line With Expectations
Friday, 27 Apr 2018 

April 27 (Reuters) - Stockmann Oyj Abp ::STOCKMANN EXPECTS GROUP'S REVENUE FOR 2018 TO BE ON A PAR WITH PREVIOUS YEAR.ADJUSTED OPERATING PROFIT IS EXPECTED TO IMPROVE IN 2018.Q1 ADJUSTED. EBIT LOSS EUR 24.8 MILLION (REUTERS POLL: LOSS EUR 24.7 MILLION).Q1 REVENUE EUR 202.4 MILLION (REUTERS POLL: EUR 213 MILLION).  Full Article

Stockmann Initiates Negotiations That May Lead To Position Reductions
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN CONTINUES ITS EFFICIENCY MEASURES IN SUPPORT FUNCTIONS.SAYS ‍IS CONTINUING ITS EFFICIENCY MEASURES WITH A TARGET OF ANNUAL COST SAVINGS OF EUR 8 MILLION AT A MINIMUM, TO BE IMPLEMENTED MAINLY BY END OF 2018​.WILL INITIATE COOPERATION NEGOTIATIONS IN PART OF ITS FINNISH SUPPORT FUNCTIONS AFFECTING APPROXIMATELY 350 EMPLOYEES IN SUPPLY CHAIN, FINANCE AND HR​.‍PLANNED MEASURES MAY LEAD TO A REDUCTION OF APPROXIMATELY 95 POSITIONS​.‍PROVISION OF APPROXIMATELY EUR 2 MILLION IS BOOKED DUE TO RESTRUCTURING IN Q1 OF 2018.​.  Full Article

Stockmann Says FY2017 Operating Profit Will Not Reach Profit Guidance
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - STOCKMANN OYJ ABP ::PRELIMINARY INFORMATION ON STOCKMANN'S REVENUE AND OPERATING PROFIT IN 2017.SAYS ‍REVENUE WAS APPROXIMATELY EUR 315 MILLION IN Q4 OF 2017​.ACC TO ‍PRELIMINARY FINANCIAL INFORMATION, STOCKMANN GROUP'S REVENUE WAS APPROXIMATELY EUR 315 MILLION IN Q4 OF 2017​.‍GROUP'S REVENUE FOR FULL YEAR 2017 AMOUNTED TO APPROXIMATELY EUR 1 056 MILLION, DOWN BY 1% IN COMPARABLE BUSINESSES.​.‍STOCKMANN GROUP'S OPERATING PROFIT FOR 2017 WILL NOT REACH PROFIT GUIDANCE PUBLISHED ON 26 SEPTEMBER 2017​.‍COSTS IN STOCKMANN'S OPERATIONS WERE ALSO HIGHER THAN TARGETED IN Q4.​.SHARES FALL 4 PERCENT.  Full Article

Stockmann Investigates Possible Divestment Of Book House Property
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN IS INVESTIGATING A POSSIBLE DIVESTMENT OF ITS BOOK HOUSE PROPERTY.STOCKMANN -INVESTIGATION PROCESS RELATED TO A POSSIBLE DIVESTMENT OF NEVSKY CENTRE SHOPPING CENTRE IN ST. PETERSBURG CONTINUES.  Full Article

Stockmann Completes Divestment In Finland
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN HAS COMPLETED THE DIVESTMENT OF DELICATESSEN'S BUSINESS IN FINLAND.TRANSACTION PRICE, EUR 27 MILLION, WAS PAID AT TIME OF CLOSING.TRANSACTION HAD A POSITIVE CASH FLOW EFFECT OF AROUND EUR 20 MILLION FOR STOCKMANN.  Full Article

Stockmann: Finnish Authority Approves Sale Of Stockmann Unit
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Stockmann Oyj Abp ::FINNISH COMPETITION AND CONSUMER AUTHORITY APPROVED THE SALE OF STOCKMANN DELICATESSEN TO S GROUP.‍AUTHORITY REQUIRES STOCKMANN DELICATESSEN TO CONTINUE PROCUREMENT FROM TUKO LOGISTICS UNTIL END OF 2018​.  Full Article

Stockmann Issues EUR 250 Million Notes
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Stockmann Oyj Abp ::STOCKMANN ISSUES EUR 250 MILLION NOTES.STOCKMANN OYJ ABP SAYS ‍NOTES WILL MATURE ON 11 JANUARY 2022 AND CARRY A FIXED ANNUAL INTEREST OF 4.75 PERCENT​.  Full Article

Stockmann sees deal ahead on Nevsky Centre
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Stockmann :Finnish department store and fashion chain group says continues talks of the divestment of its Nevsky Centre property in St.Petersburgh."We do believe that we will reach a deal on Nevsky Centre… The process and the discussions are ongoing, and we think that there will be a conclusion at some stage,” CFO Kai Laitinen told Reuters.The shopping centre has a book value of 181 million euros.  Full Article

Stockmann refinances its long-term credit facilities
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN REFINANCES ITS LONG-TERM CREDIT FACILITIES, CONSIDERS THE ISSUANCE OF NEW NOTES AND ANNOUNCES A CONSENT SOLICITATION OF ITS NOTES DUE 2018.‍AGREED ON REFINANCING OF ITS LONG-TERM CREDIT FACILITIES.​.‍NEW CREDIT FACILITIES ARE TO REPLACE EXISTING EUR 700 MILLION BILATERAL CREDIT FACILITIES​.STOCKMANN OYJ ABP - ‍NEW CREDIT FACILITIES ARE TO REPLACE EXISTING EUR 700 MILLION BILATERAL CREDIT FACILITIES​.‍A EUR 650 MILLION SECURED TERM AND REVOLVING CREDIT FACILITIES AGREEMENT HAS BEEN SIGNED​.  Full Article

Finland's Stockmann posts rising profits, department stores struggle on

HELSINKI, Aug 16 Finnish retailer Stockmann reported better-than-expected second-quarter results on Thursday, thanks to increased sales at its fashion chain Lindex, but warned that its department stores would remain in the red in the full year.