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Stockmann posts Q4 loss

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Stockmann posts Q4 loss

Stockmann Oyj ABP said its normalized net income for the fourth quarter came to a loss of €1.8 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.3%.

Total revenue totaled €420.0 million, and total operating expenses came to €415.7 million.

Reported net income came to a loss of €19.1 million, or a loss of 27 cents per share.

For the year, the company's normalized net income totaled a loss of 63 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 88 cents.

EPS was a loss of 83 cents in the prior year.

Normalized net income was a loss of €45.4 million, compared with a loss of €59.8 million in the prior year.

Full-year total revenue fell 10.6% from the prior-year period to €1.43 billion from €1.61 billion, and total operating expenses fell 11.4% year over year to €1.49 billion from €1.68 billion.

The company said reported net income totaled a loss of €89.3 million, or a loss of €1.24 per share, in the full year, compared with a loss of €96.5 million, or a loss of €1.34 per share, the prior year.