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Stockmann’s turnover in the Baltics has increased this year

Finland dealer “Stockmann“The turnover in the Baltic States in the first nine months of this year was 51.5 million euros, 18.3% more than last year between January and September, according to the company report published by the” Nasdaq “at Helsinki Stock Exchange.

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Among these, in the third quarter of 2022, the turnover of “Stockmann” in the Baltic States was 17.6 million euros, an increase of 11.1% compared to July-September last year.

The turnover of the “Stockmann” stores in the nine months of 2022 reached a total of 220.2 million euros, or 14.8% more than in January-September 2021.

At the end of September Stockmann had eight department stores and an online store. There are two Stockmann stores in Helsinki and one store each in Vantaa, Espoo, Turku, Tampere, Riga and Tallinn. The online store serves customers in Finland, Estonia and Latvia.

On the other hand, the entire “Stockmann Group”, which includes the “Stockmann” and “Lindex“, the turnover in nine months this year was 709.1 million euros, 15.4% more than in January-September last year. In nine months, the company worked with a profit of 84, 1 million euro, 6.7 times higher than last year in the first three quarters of the year.

In the third quarter of this year, the group’s turnover was 244 million euros, 4.2% more than in July-September last year, but the profit in the third quarter was 600,000 euros, or 38 times less than in July-September last year.

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