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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

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Mon, Sep 12 2016

UPDATE 1-Finnish retailer Stockmann names Veijalainen as CEO

HELSINKI, Sept 12 Finnish retailer Stockmann appointed its interim chief executive Lauri Veijalainen as the company's new CEO on Monday.

BRIEF-Stockmann August sales up 0.2 pct

* Group sales in August up 0.2 pct at 86.8 million euros in continuing product areas and businesses Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Finnish retailer Stockmann appoints new CEO

HELSINKI, Sept 12 Stockmann, the Finnish fashion and department store group, said on Monday its had appointed Lauri Veijalainen as the company's new chief executive.

BRIEF-Stockmann appoints Lauri Veijalainen new CEO

* Board of Directors has appointed Lauri Veijalainen as Stockmann's new Chief Executive Officer as of Sept. 12, 2016

BRIEF-Stockmann July sales down 9.7 pct to 88.0 mln euros

* Sales in July were down by 9.7 percent and amounted to 88.0 million euros ($98.01 million) in continuing product areas and businesses

BRIEF-Stockmann Q2 adjusted EBIT EUR 11.1 million, beats expectations

* Q2 revenue 352.7 million euros ($392.8 million) (Reuters poll: 350 million euros)

BRIEF-Stockmann June sales down by 4.6 pct at EUR 101.0 mln

* Sales in June were down by 4.6 pct and amounted to 101.0 million euros ($112.19 million) in continuing product areas and businesses

BRIEF-Stockmann efficiency measures expected to result in reduction of about 380 employees

* To accelerate turnaround of loss-making Stockmann Retail division

BRIEF-Stockmann May sales down 2.7 pct

* Stockmann group's sales in May were down by 2.7 percent and amounted to 97.7 million euros in continuing product areas and businesses Source text for Eikon: Further company coverage: (Gdynia Newsroom)

BRIEF-Stockmann January-April sales down 2.5 pct y/y

* Says sales in April were up by 26.8 percent and amounted to 118.5 million euros in continuing product areas and businesses, growth due to timing of Crazy Days campaign

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