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Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

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Thu, Nov 30 2017

BRIEF-Stockmann Issues EUR 250 Million Notes

* STOCKMANN OYJ ABP SAYS ‍NOTES WILL MATURE ON 11 JANUARY 2022 AND CARRY A FIXED ANNUAL INTEREST OF 4.75 PERCENT​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Stockmann puts Helsinki department store up as collateral in refinancing

HELSINKI, Nov 16 Finnish department store and fashion chain group Stockmann on Thursday put its flagship Helsinki department store property and other real estate assets forward as collateral for a 650 million euro ($765 million) refinancing package.

BRIEF-Stockmann sees deal ahead on Nevsky Centre

* Finnish department store and fashion chain group says continues talks of the divestment of its Nevsky Centre property in St.Petersburgh

BRIEF-Stockmann refinances its long-term credit facilities

* STOCKMANN REFINANCES ITS LONG-TERM CREDIT FACILITIES, CONSIDERS THE ISSUANCE OF NEW NOTES AND ANNOUNCES A CONSENT SOLICITATION OF ITS NOTES DUE 2018

BRIEF-Stockmann posts Q3 adjusted EBIT loss, misses expectations

* ‍STOCKMANN EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT​

BRIEF-Board of Adjustment annulled most of additional taxes imposed on Stockmann for 2009-2011

* BOARD OF ADJUSTMENT ANNULLED MOST OF ADDITIONAL TAXES IMPOSED ON STOCKMANN FOR THE YEARS 2009-2011

BRIEF-Stockmann downgrades outlook for 2017 adjusted operating profit

* STOCKMANN GROUP'S REVISED GUIDANCE FOR 2017 AND OUTCOME OF IMPAIRMENT TEST

BRIEF-Stockmann negotiates sale of Nevsky Centre property in St Petersburg

* STOCKMANN IS NEGOTIATING THE DIVESTMENT OF ITS NEVSKY CENTRE PROPERTY

BRIEF-Stockmann says Ingvar Larsson resigns as Lindex CEO

* Elisabeth Peregi, currently the Country Manager of Lindex Sweden, appointed interim CEO of Lindex

BRIEF-Stockmann Q2 adj. EBIT at EUR ‍14.6​ mln, below expectations

* Q2 REVENUE EUR ‍281.3​ MILLION (REUTERS POLL: EUR 284 MILLION)

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