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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Wright Reports

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Stockmann Oyj Abp Revises FY 2013 Financial Guidance

Wednesday, 30 Oct 2013 02:00am EDT 

Stockmann Oyj Abp announced that the Company has revised its fiscal year 2013 financial guidance. The Company's fiscal year 2013 revenue is now expected to be slightly down on 2012, excluding the terminated franchising operations. Even though most of Stockmann’s operating profit is generated during the fourth quarter of the year, operating profit for the fiscal year 2013 is not expected to reach the previous year’s level. In its previous guidance from April 16, 2013 the Company expected revenue to increase in 2013, excluding the terminated franchising operations. Operating profit was expected not to exceed the figure for 2012. For the fiscal year 2012 the Company reported 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 Stockmann to report revenue of EUR 2,084.19 million and EBIT of EUR 72.00 million for the fiscal year 2013. 

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