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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

5.87EUR
16 Oct 2017
Change (% chg)

€-0.03 (-0.51%)
Prev Close
€5.90
Open
€5.90
Day's High
€5.93
Day's Low
€5.87
Volume
36,140
Avg. Vol
47,577
52-wk High
€8.00
52-wk Low
€5.87

Latest Key Developments (Source: Significant Developments)

Board of Adjustment annulled most of additional taxes imposed on Stockmann for 2009-2011
Tuesday, 3 Oct 2017 02:30am EDT 

Oct 3 (Reuters) - STOCKMANN OYJ ABP ::BOARD OF ADJUSTMENT ANNULLED MOST OF ADDITIONAL TAXES IMPOSED ON STOCKMANN FOR THE YEARS 2009-2011.‍BOARD OF ADJUSTMENT ANNULLED EUR 7.7 MILLION OF ADDITIONAL TAX IMPOSED ON STOCKMANN​.‍WILL RETURN EUR 7.7 MILLION TO ITS Q3 INCOME STATEMENT IN 2017​.‍CONSEQUENTLY, ADDITIONAL TAX WILL BE EUR 2.6 MILLION​.SAYS ADDITIONAL TAX WILL BE EUR 2.6 MILLION.  Full Article

Stockmann downgrades outlook for 2017 adjusted operating profit
Tuesday, 26 Sep 2017 01:30am EDT 

Sept 26 (Reuters) - STOCKMANN OYJ ABP :STOCKMANN GROUP'S REVISED GUIDANCE FOR 2017 AND OUTCOME OF IMPAIRMENT TEST.‍PROFIT GUIDANCE FOR YEAR HAS BEEN CHANGED DUE TO WEAKER THAN ESTIMATED PERFORMANCE IN LINDEX'S BUSINESS.​.‍EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT OF LINDEX, CHANGES IN STORE NETWORK AND PRODUCT MIX​.‍ADJUSTED OPERATING PROFIT IN CONTINUING OPERATIONS IS EXPECTED TO BE APPROX. ON A PAR WITH OR SLIGHTLY WEAKER THAN IN 2016​.PREVIOUYSLY EXPECTED ‍ADJUSTED OPERATING PROFIT TO IMPROVE, COMPARED WITH 2016.​.TO RECOGNISE APPROX. EUR 150 MILLION IN IMPAIRMENT RELATED TO LINDEX'S GOODWILL IN ITS Q3 CONSOLIDATED INCOME STATEMENT​.  Full Article

Stockmann negotiates sale of Nevsky Centre property in St Petersburg
Thursday, 14 Sep 2017 10:45am EDT 

Sept 14 (Reuters) - STOCKMANN OYJ ABP :STOCKMANN IS NEGOTIATING THE DIVESTMENT OF ITS NEVSKY CENTRE PROPERTY.STOCKMANN IS NEGOTIATING THE DIVESTMENT OF ITS NEVSKY CENTRE PROPERTY.SAYS NO DECISION HAS BEEN MADE ON SALE OF PROPERTY, AND THERE IS NO CERTAINTY REGARDING COMPLETION​.  Full Article

Stockmann says Ingvar Larsson resigns as Lindex CEO
Monday, 21 Aug 2017 02:45am EDT 

Aug 21 (Reuters) - Stockmann Oyj Abp :Elisabeth Peregi, currently the Country Manager of Lindex Sweden, appointed interim CEO of Lindex.Says Ingvar Larsson, CEO of Lindex, has decided to resign from his post.Larsson will be available for the company during his period of notice.Says Peregi will report to Stockmann’s CEO, Lauri Veijalainen, who will start as the Chairman of the Lindex Board of Directors.  Full Article

Stockmann Q2 adj. EBIT at EUR ‍14.6​ mln, below expectations
Wednesday, 16 Aug 2017 01:00am EDT 

Aug 16 (Reuters) - STOCKMANN OYJ ABP :Q2 REVENUE EUR ‍281.3​ MILLION (REUTERS POLL: EUR 284 MILLION).‍GUIDANCE FOR 2017 REMAINS UNCHANGED​.Q2 ADJUSTED. EBIT EUR ‍14.6​ MILLION (REUTERS POLL: EUR 20.6 MILLION).  Full Article

Stockmann to sell its Delicatessen business in Finland
Friday, 30 Jun 2017 01:30am EDT 

June 30 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN TO SELL ITS DELICATESSEN BUSINESS IN FINLAND TO S GROUP - STOCKMANN DELICATESSEN STORES WILL REMAIN IN ALL DEPARTMENT STORES.DEBT-FREE TRANSACTION PRICE, EUR 27 MILLION, WILL BE PAID IN CASH AT TIME OF CLOSING.‍TRANSACTION WILL IMPROVE STOCKMANN GROUP'S PROFITABILITY FROM 2018 ONWARDS​.‍IF APPROVAL IS GRANTED DURING 2017, TRANSACTION CAN BE COMPLETED ON DEC. 31.TRANSACTION WILL HAVE A POSITIVE CASH FLOW EFFECT OF AROUND 20 MILLION WITH ONE-TIME CAPITAL GAIN OF AROUND 3 MILLION FROM TRANSACTION.‍OUTLOOK FOR 2017 REMAINS UNCHANGED​.  Full Article

Stockmann Q1 revenue EUR 242.7 million, slightly below expectations
Friday, 28 Apr 2017 01:54am EDT 

April 28 (Reuters) - STOCKMANN OYJ ABP :GUIDANCE FOR 2017 REMAINS UNCHANGED.Q1 REVENUE EUR 242.7 MILLION (REUTERS POLL: EUR 244 MILLION).Q1 ADJUSTED. EBIT LOSS EUR 27.8 MILLION (REUTERS POLL: LOSS EUR 21.7 MILLION).  Full Article

Stockmann sales for full year 2016 down by 5.3%
Friday, 13 Jan 2017 06:30am EST 

Stockmann Oyj Abp : Sales for full year 2016 were down by 5.3 per cent and amounted to 1.17 billion euros ($1.25 billion) in continuing product areas and businesses . Sales in December amounted to 133.1 million euros in continuing product areas and businesses, which is 8.8 per cent lower than a year ago .Says "will achieve a slightly positive operating result in 2016 after two loss-making years".  Full Article

Stockmann: October sales down 7.2 pct
Thursday, 10 Nov 2016 04:00am EST 

Stockmann Oyj Abp :Stockmann group's sales in October were down by 7.2 pct and amounted to 125.1 million euros in continuing product areas and businesses.  Full Article

Stockmann Q2 adjusted EBIT EUR 11.1 million, beats expectations
Friday, 12 Aug 2016 01:00am EDT 

Stockmann Oyj Abp : Q2 revenue 352.7 million euros ($392.8 million) (Reuters poll: 350 million euros) . Q2 adjusted EBIT 11.1 million euros (Reuters poll: 9.3 million euros) .Outlook for 2016 remains unchanged.  Full Article

BRIEF-Board of Adjustment annulled most of additional taxes imposed on Stockmann for 2009-2011

* BOARD OF ADJUSTMENT ANNULLED MOST OF ADDITIONAL TAXES IMPOSED ON STOCKMANN FOR THE YEARS 2009-2011