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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

4.34EUR
22 Jan 2018
Change (% chg)

€0.05 (+1.05%)
Prev Close
€4.29
Open
€4.26
Day's High
€4.34
Day's Low
€4.23
Volume
100,328
Avg. Vol
89,136
52-wk High
€8.00
52-wk Low
€4.05

Latest Key Developments (Source: Significant Developments)

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

Stockmann posts Q3 adjusted EBIT loss, misses expectations
Friday, 27 Oct 2017 

Oct 27 (Reuters) - STOCKMANN OYJ ABP :‍STOCKMANN EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT​.Q3 REVENUE EUR 242‍​ MILLION (REUTERS POLL: EUR 243 MILLION).Q3 ADJUSTED. EBIT EUR LOSS 1.4‍​ MILLION (REUTERS POLL: EUR PROFIT 6.36 MILLION).  Full Article

Kai Laitinen appointed Stockmann's chief financial officer
Wednesday, 15 Feb 2017 

Stockmann OYJ ABP : Kai Laitinen appointed Stockmann's chief financial officer . Laitinen has most recently served as chief financial officer at Finavia OYJ .Laitinen will join Stockmann at latest in Aug..  Full Article

Stockmann Q4 adj. EBIT EUR 36.5 million, above estimates
Wednesday, 15 Feb 2017 

Stockmann Oyj Abp : Q4 revenue 388.4 million euros ($410.89 million) versus 387 million euros seen in Reuters poll . Q4 adjusted EBIT 36.5 million euros (Reuters poll: 29.3 million euros) . Sees group's revenue for 2017 to decline due to changes in store network and product mix . 2017 adjusted operating profit is expected to improve, compared with 2016 . Says due to normal seasonal variation, Q1 operating result will be negative . Sees capital expenditure in 2017 to be about 45 million - 50 million euros, which is less than estimated depreciation for the year . Will propose no dividend to be paid on the 2016 result . Will open a new department store in Tapiola in March .Considers divesting Nevsky Centre shopping centre in St Petersburg, investigation of possibility is in progress.  Full Article

UPDATE 1-Finnish retailer Stockmann to miss 2017 profit guidance

HELSINKI, Jan 11 Finnish deparment store and fashion chain group Stockmann will fall short of its profit guidance for 2017 after weak fourth-quarter sales, the company warned on Thursday.