Mr. Hienonen: Stockmann is a fairly old company, 140 years next winter. It is a retailing company with the main operations in the department store business and is number one in the mail order business. We also have an online e-commerce business, a fashion chain and a car retailer business, so there is a lot of retail activity that takes place. There are four different groups inside Stockmann: the department store group; Hobby Hall, which is our mail order group; Stockmann Auto, which is car retailing; and Seppala, which is the biggest fashion retail chain in Finland. We have activities outside of Finland also in (unintelligible), mostly in Estonia, and in Russia.
TWST: What is the split between the separate business divisions? Can you give us a breakdown in terms of sales?
Mr. Hienonen: Fifty percent is from the department stores, 27% from car retailing, 15% from mail order, and about 9% from the fashion chain, Seppala.
Tickers included in this excerpt: 870557.BE
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.