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Stockmann Oyj Abp Proposes FY 2012 Dividend; Company Issues FY 2013 Guidance and Q1 2013 Operating Result Guidance In Line With ANalysts' Estimates


Wednesday, 13 Feb 2013 01:00am EST 

Stockmann Oyj announced that its Board of Directors has decided to propose to the Annual General Meeting that a dividend of EUR 0.60 per share should be paid for the fiscal year 2012. In addition, the Company announced that it expects the Group’s revenue to increase in the fiscal year 2013, excluding the terminated franchising operations. Operating profit (EBIT) in the fiscal year 2013 is expected to be higher than in 2012. The first-quarter 2013 operating result will be negative due to normal seasonal variation. For the fiscal year 2012, the Company reported consolidated revenue of EUR 2,116.4 million and operating profit of EUR 87.3 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 2,203.92 million and EBIT of EUR 119.93 million for the fiscal year 2013, and EBIT of EUR -13.00 million for the first quarter of 2013. 

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