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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

1.84EUR
11 Dec 2018
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46,633
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€5.13
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€1.79

Latest Key Developments (Source: Significant Developments)

Stockmann Q3 Adjusted EBIT EUR 5.9 Million, Below Expectations
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Stockmann Oyj Abp ::Q3 ADJUSTED. EBIT EUR 5.9 MILLION (REUTERS POLL: EUR 6.08 MILLION).Q3 REVENUE EUR 232.5 MILLION (REUTERS POLL: EUR 233 MILLION).STOCKMANN EXPECTS GROUP'S REVENUE FOR 2018 TO DECLINE FROM PREVIOUS YEAR.ADJUSTED OPERATING PROFIT IS EXPECTED TO IMPROVE IN 2018.  Full Article

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 to exit Russia after lengthy search for buyer, shares rise

HELSINKI, Oct 16 Finnish retailer Stockmann has sold its remaining Russian shopping centre, it said on Tuesday, following a two-year search for a buyer, propelling the company's shares higher.