Stockmann PROFIT ALERT PGA Seppälä, uncertain prospects END … – Dagens Industri

Stockmann PROFIT ALERT PGA Seppälä, uncertain prospects END … – Dagens Industri

Stockmann PROFIT ALERT PGA Seppälä, uncertain prospects END 2014

                  2014-10-14 16:41
             

 STOCKHOLM (AFX) Finnish Stockmann Group which owns Lindex, lowers its forecast in 2014.
  The background is weaker earnings than appreciated, especially in the fashion chain Seppälä business, and uncertain prospects for the end of 2014, according to a press release.
  Stockmann now estimates that the Group's operating profit excluding non-recurring items will be negative 2014.
  Past earnings forecast for the year 2014, published in June, the Group's operating profit for 2014 was expected to be significantly weaker than for the year 2013.
  The company's sales forecast for the euro is already that it will be less in 2014 than in 2013. 

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