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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Stockmann Issues EUR 250 Million Notes
Thursday, 30 Nov 2017 01:43am EST 

Nov 30 (Reuters) - Stockmann Oyj Abp ::STOCKMANN ISSUES EUR 250 MILLION NOTES.STOCKMANN OYJ ABP SAYS ‍NOTES WILL MATURE ON 11 JANUARY 2022 AND CARRY A FIXED ANNUAL INTEREST OF 4.75 PERCENT​.  Full Article

Stockmann sees deal ahead on Nevsky Centre
Thursday, 16 Nov 2017 09:00am EST 

Nov 16 (Reuters) - Stockmann :Finnish department store and fashion chain group says continues talks of the divestment of its Nevsky Centre property in St.Petersburgh."We do believe that we will reach a deal on Nevsky Centre… The process and the discussions are ongoing, and we think that there will be a conclusion at some stage,” CFO Kai Laitinen told Reuters.The shopping centre has a book value of 181 million euros.  Full Article

Stockmann refinances its long-term credit facilities
Thursday, 16 Nov 2017 04:45am EST 

Nov 16 (Reuters) - STOCKMANN OYJ ABP ::STOCKMANN REFINANCES ITS LONG-TERM CREDIT FACILITIES, CONSIDERS THE ISSUANCE OF NEW NOTES AND ANNOUNCES A CONSENT SOLICITATION OF ITS NOTES DUE 2018.‍AGREED ON REFINANCING OF ITS LONG-TERM CREDIT FACILITIES.​.‍NEW CREDIT FACILITIES ARE TO REPLACE EXISTING EUR 700 MILLION BILATERAL CREDIT FACILITIES​.STOCKMANN OYJ ABP - ‍NEW CREDIT FACILITIES ARE TO REPLACE EXISTING EUR 700 MILLION BILATERAL CREDIT FACILITIES​.‍A EUR 650 MILLION SECURED TERM AND REVOLVING CREDIT FACILITIES AGREEMENT HAS BEEN SIGNED​.  Full Article

Stockmann posts Q3 adjusted EBIT loss, misses expectations
Friday, 27 Oct 2017 01:23am EDT 

Oct 27 (Reuters) - STOCKMANN OYJ ABP :‍STOCKMANN EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT​.Q3 REVENUE EUR 242‍​ MILLION (REUTERS POLL: EUR 243 MILLION).Q3 ADJUSTED. EBIT EUR LOSS 1.4‍​ MILLION (REUTERS POLL: EUR PROFIT 6.36 MILLION).  Full Article

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

BRIEF-Stockmann Issues EUR 250 Million Notes

* STOCKMANN OYJ ABP SAYS ‍NOTES WILL MATURE ON 11 JANUARY 2022 AND CARRY A FIXED ANNUAL INTEREST OF 4.75 PERCENT​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)