The turnover of Stockmann stores in the Baltic countries in the first half of this year amounted to 35.3 million euros, compared to 35.8 million euros a year earlier, according to a Lindex report published on the Nasdaq Helsinki exchange. Revenues in the Baltic countries amounted to 25% of Stockmann's total turnover . The turnover of all Stockmann stores in the first half of 2024 was 144.1 million euros, compared to 147.8 million euros in the same period a year earlier. The online store's turnover accounted for 13.1% of Stockmann's total turnover, which is 0.9 percentage points more than a year earlier. Internet turnover in the first half of this year increased by 4.7% compared to the first half of last year. Stockmann's gross profit in the first half of the year decreased by 0.6 million euros to 62.9 million euros, due to a drop in sales revenue. In the second quarter of this year, Stockmann's turnover increased to 81.9 million euros, compared to 75.8 million euros in the second quarter of last year. In the Baltics, the company's turnover for the corresponding period was 18.7 million euros, compared to 16.7 million euros a year ago. In the second quarter, online store revenues accounted for 15.3% of turnover, while a year ago the share of online sales was 13.3%. Stockmann said in its report that the increase in second-quarter revenue was driven by its Crazy Days campaign in April, compared with part of last year's campaign in March. In addition, the results of this year's campaign were better than last year. On the other hand, the turnover of the entire Lindex Group, which includes the Stockmann and Lindex brands, amounted to 444.4 million euros in the first half of this year, which is 1.3% less than a year earlier. The group's losses for this period amounted to 8.4 million euros, compared with a profit of 33.3 million euros in the first half of last year. The company explains the drop in profits by a decrease in operating profit and an increase in tax payments. At the end of June, Stockmann had eight department stores and one online store. There are two Stockmann stores in Helsinki, as well as one store each in Vantaa, Espoo, Turku, Tampere, Riga and Tallinn. The online store serves customers in Finland, Estonia and Latvia.
