STOCKMANN plc, Financial calendar 20.12.2021 at 15:00 EET
Stockmann will publish its financial statements bulletin for 2021 on 25 February 2022. The company s financial statements and an electronic. | December 20, 2021
Finnish listed retail trade company Stockmann Group increased its profit in the third quarter of this year, to €33.3 million. At the same time last year, the profit stood at €16.5 million. Stockmann also has a branch in Estonia.
The tabloid Ilta-Sanomat has published an interview with Finance Minister
Matti Vanhanen (Cen), following Saturday s news that he would be stepping down and handing the reins to Centre Party leader and current Science Minister
Annika Saarikko.
Vanhanen, who began his political career as a member of Espoo city council over 40 years ago, issued warnings about the polarisation of politics today. I am concerned about identity politics. Everyone is retreating deeper and deeper into their own corner and the ability to build a genuine majority with a common mission is becoming more difficult, he told Ilta-Sanomat.
Vanhanen also urged reforms to curb household debt, telling IS that indebtedness is a flashing red warning light for the macroeconomy.
Court approves Stockmann restructuring plans
The struggling retailer plans to sell off its properties in order to pay off more than 740 million euros in debt.
Busier times. File photo of Stockmann department store in downtown Helsinki February 1, 2017.
Image: Yle News / Mark B. Odom
The financially strained Finnish retailer Stockmann has received approval from Helsinki District Court to continue its operations andl sell off its real estate properties in Helsinki as well as in Tallinn, Estonia and Riga, Latvia.
The court approved the firm s restructuring plans on Tuesday. After selling the properties, Stockmann intends to lease its retail space from an eventual new owner.
KIRJAUDU
Stockmann Oyj Abp: Outcome of impairment test for Lindex, Stockmann Group s updated guidance for 2020 and a change of the reporting method for the real estate properties
28.1.2021 18:45
STOCKMANN plc, Inside Information 28.1.2021 at 18:30 EET
The book value of Lindex s intangible assets adjusted to EUR 368 million due to the COVID-19 pandemic
The ongoing and re-escalated COVID-19 pandemic increases uncertainty in Lindex s main markets and especially the short-term business environment is challenging.
Stockmann Group has concluded an impairment test for Lindex s goodwill. As a result, Stockmann will recognise approximately EUR 250 million in impairment related to Lindex s goodwill in its fourth-quarter consolidated income statement. The write-down will be reported as an adjustment, and it has no cash flow impact. After the impairment, the book value of Lindex s intangible assets will be EUR 368 million.