Stockmann Group reported preliminary revenue results for the fourth quarter of 2017. For the quarter, the Group's revenue was approximately EUR 315 million.

The company provided earnings guidance for the full year 2017. For the year, the Group's revenue amounted to approximately EUR 1,056 million, down by 1% in comparable businesses. Stockmann expects the Group's revenue for 2017 to decline due to weaker sales development of Lindex, and changes in the store network and product mix. Adjusted operating profit in continuing operations is expected to be approximately on a par with or slightly weaker than in 2016. The Group's operating profit for 2017 will not reach the profit guidance published on 26 September 2017. According to preliminary information, adjusted operating profit in continuing operations in 2017 will be approximately EUR 12 million.