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Stockmann Oyj Abp revises profit guidance for FY 2014


Tuesday, 29 Apr 2014 01:00am EDT 

Stockmann Oyj Abp:Says, due to the weak currency exchange rates and weaker than expected consumer demand in Russia and Finland, Stockmann estimates that the Group’s euro-denominated revenue in FY 2014 will decline on 2013.Operating profit for FY 2014 is not expected to exceed the figure for 2013.Stockmann previously estimated that the Group’s revenue, at comparable exchange rates, would increase slightly in FY 2014.Revenue growth was expected to take place in the second half of the year.Operating profit was expected to be somewhat higher than in 2013.FY 2014 revenues at 2,008 mln euros (FY 2013: 2,037 mln euros)-Thomson Reuters I/B/E/S. 

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19 Dec 2014