Stockmann Group revised earnings guidance for the year 2023. The group lowers its 2023 guidance for the revenue due to the exchange rate impacts. The group expects revenue to be in the range of EUR 940 million to EUR 1,000 million against previous guidance of EUR 960 million to EUR 1,020 million.

The change in revenue is related to the impact of the fluctuation of exchange rates that have a significant impact on Stockmann's performance. Especially the weak Swedish krona and the Norwegian krone have had an adverse impact on revenue and result.