Slide 1: Interim Management Statement Q3 2022
INTERIM MANAGEMENT STATEMENT Q3 2022 Jari Latvanen, CEO Stockmann Group | 28 October 2022
Slide 2: Stockmann Group in Q3 2022: robust revenue growth, Stockmann Division break even
STOCKMANN GROUP IN Q3 2022 (Q3/2021) ROBUST REVENUE GROWTH FOR THE STOCKMANN GROUP AND STOCKMANN DIVISION’S ADJUSTED OPERATING RESULT REACHED BREAK EVEN Group’s revenue, EUR million • Stockmann Group 244.0 – Revenue 244.0 MEUR, +2.6% and in local currencies +4.2% (237.8) – Adj. operating result decr
Slide 3: Stockmann Division
le @: ad ) | rt STOCKMANN ; & DIVISION
Slide 4: Sales increased and adjusted operating result improved
STOCKMANN DIVISION, PERFORMANCE IN Q3 2022 (Q3/2021) SALES INCREASED AND ADJUSTED OPERATING RESULT IMPROVED • Revenue +11,9% to 77.1 MEUR (68.9) QUARTERLY REVENUE – Brick-and-mortar stores +11.8% due to higher numbers of visitors and customer’s EUR mill. increased average purchase 100 – Share of onl
Slide 5: Actions that improved visitor numbers and grew sales
STOCKMANN DIVISION, HIGHLIGHTS IN Q3 2022 ACTIONS THAT IMPROVED VISITOR NUMBERS AND GREW SALES • School start and autumn newness campaigns – new brands • Customer evenings and events, for example Chanel 1 launch • 160 years exclusive collaborations, for example Minna Parikka • Male customer enhanced
Slide 6: Continue to focus on customer centricity and sustainability
STOCKMANN DIVISION, WAY FORWARD CONTINUE TO FOCUS IN CUSTOMER CENTRICITY AND SUSTAINABILITY Execution of customer centric strategy continues: • Investments to improve customer experience in online store and on omnichannel customer journeys • Further development of one MyStockmann loyalty program in
Slide 7: Lindex
LINDEX Susanne Ehnbåge Lindex CEO
Slide 8: Lindex sales increased in local currencies
LINDEX DIVISION, PERFORMANCE IN Q3 2022 (Q3/2021) LINDEX SALES INCREASED IN LOCAL CURRENCIES QUARTERLY REVENUE • Revenue 166.9 MEUR (168.9) EUR mill. – Revenue -1.2% or up +1.1% in local currencies (2019, 13.8%) 200 – Sales in brick-and-mortar stores +0.7% (2019, 0.1%) 150 – Online sales +0.4% (2019
Slide 9: Sales increased in all channels
LINDEX DIVISION, HIGHLIGHTS IN Q3 2022 SALES INCREASED IN ALL CHANNELS • 775 000 new customers during first nine month • Increasing to 5,4 million registered customers • Big launch of our femtech brand Female Engineering • Taking further steps in our circular transformation • Brand building kids’ ca
Slide 10: Continue growing and stand strong
LINDEX DIVISION, WAY FORWARD CONTINUE GROWING AND STAND STRONG • Continue to be adaptive, flexible and fast to meet the uncertain future • Ambitious long-term targets to reach – Significant growth – High profitability – Reduce CO2 emissions • Continue our investments for global, digital and sustaina
Slide 11: Stockmann Group
STOCKMANN GROUP Annelie Forsberg CFO
Slide 12: Sales improved – higher visitor numbers and increased average purchase
STOCKMANN GROUP IN Q3 2022 (Q3/2021), FINANCIAL PERFORMANCE SALES IMPROVED – HIGHER VISITOR NUMBERS AND QUARTERLY REVENUE INCREASED AVERAGE PURCHASE EUR mill. 300.0 +8.3% 250.0 +2.6% • Revenue 244.0 MEUR (237.8) 200.0 • + 2.6% vs 2021 and in local currencies +4.2% 150.0 • + 8.3% vs 2019 (before pand
Slide 13: Revenue and adj. operating result reaching new levels
STOCKMANN GROUP, R12 FINANCIAL PERFORMANCE REVENUE AND ADJ. OPERATING REVENUE R12 RESULT REACHING NEW LEVELS EUR mill. 1200.0 +15.6% 1000.0 800.0 • Revenue 986.7 MEUR (853.5) 600.0 • + 15.6% vs R12 September 2021 400.0 • + 2.7 % vs R12 Dec 2019 (before pandemic) 200.0 • Adjusted operating result 83.
Slide 14: Lindex profitability remains high and Stockmann Division improves steadily
STOCKMANN GROUP LINDEX PROFITABILITY REMAINS ON HIGH LEVEL AND STOCKMANN DIVISION IMPROVES STEADILY EUR mill. ADJUSTED OPERATING RESULT R12 120.0 100.0 80.0 60.0 40.0 20.0 0.0 -20.0 -40.0 -60.0 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Lindex Sto
Slide 15: Cash flow from operations continues on good level
STOCKMANN GROUP CASH FLOW FROM OPERATIONS CONTINUES ON GOOD LEVEL EUR mill. EUR mill. 250 300 Cash Flow Q3 2022 Cash Flow Rolling 12 months 22 82 250 200 192 -4 -31 -29 -3 200 19 0 150 140 170 -30 -1 -8 -50 150 140 -40 -10 100 100 50 50 0 0 n ts n ts IT IT s s od od RS RS s s od od al id al id ect e
Slide 16: Except bond 67.5 MEUR the group is debt free
STOCKMANN GROUP, INTEREST-BEARING DEBT EXCL IFRS16 LEASES EXCEPT BOND 67.5 MEUR THE GROUP IS DEBT FREE Divestment Divestment Long-term Conversion of unsecured Divestment Divestment Divestment EUR mill. of the of Nevsky credit facilities debt to senior secured of the of the of the Book House Centre r
Slide 17: Lease liabilities after sale-and-leaseback
STOCKMANN GROUP, LEASE LIABILITIES LEASE LIABILITIES AFTER SALE-AND-LEASEBACK Number Average lease Lease Stores of stores period left liability Stockmann Helsinki city centre 1 19.5 189.7 Stockmann other premises 7 7.5 91.8 Stockmann other leases 6.3 Lindex stores 404 1.8 271.4 Total 412 559.1 STOCK
Slide 18: The group shows a strong equity ratio and cash position
STOCKMANN GROUP, BALANCE SHEET ITEMS THE GROUP SHOWS A STRONG EQUITY RATIO AND CASH POSITION Percentage 60 Equity ratio, % 50 40 30 20 10 0 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Incl IFRS Excl IFRS 30.9.2022 30.9.2021 31.12.2021 Cash and cash
Slide 19: Adj. earnings per share stable despite more shares
STOCKMANN GROUP, EARNINGS PER SHARE ADJ. EARNINGS PER SHARE STABLE - DESPITE MORE SHARES EUR mill. Adjusted Earnings per share EUR Adjusted net result 80.0 0.85 0.87 1.00 0.73 0.80 60.0 0.56 0.60 40.0 Adjusted EPS same 0.40 number of shares as 0.46 0.41 March 2021 - 72.049 20.0 0.35 0.34 0.20 thousa
Slide 20: Guidance and outlook for 2022
GUIDANCE AND OUTLOOK FOR 2022 • Guidance for 2022 (unchanged): Stockmann expects an increase in the Group’s revenue and that the adjusted operating result improves compared to previous year. Guidance is based on the assumption that there will be no major changes in consumer spending during the latte
Slide 21: Q&A and further information
Q&A Further information stockmanngroup.com investor.relations@stockmann.com