Finland · Delayed Price · Currency is EUR Lindex Group Oyj Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 3.7% year-over-year, but adjusted operating result declined due to transition costs from the new omnichannel warehouse. Lindex’s physical stores and lingerie category performed well, while Stockmann achieved its eighth consecutive quarter of profitability improvement.
Fiscal Year 2025
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Revenue and adjusted operating result improved in Q4, with both divisions outperforming the market despite low consumer confidence. Lindex saw strong digital growth and margin improvement, while Stockmann achieved its first full year of positive adjusted operating result. Guidance for 2026 anticipates further revenue and profit growth.
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Revenue grew 2.5% year-over-year, with Lindex up 3.8% and Stockmann stable after adjustments. Adjusted operating result improved, driven by Stockmann's efficiency gains, while Lindex faced supply chain disruptions. Full-year guidance anticipates modest growth and improved profitability.
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Revenue grew modestly in Q2, with Lindex showing strong digital gains and Stockmann improving profitability despite market volatility. The new omnichannel center ramp-up impacted costs and inventories, but operational benefits are expected from 2026.
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Revenue declined 3% year-over-year to EUR 186 million, with both divisions impacted by weak consumer confidence and supply chain disruptions. Stockmann improved profitability, while Lindex faced temporary revenue pressures from the new distribution center ramp-up.
Fiscal Year 2024
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Q4 delivered improved adjusted operating profit for both divisions despite a volatile market, with Lindex’s digital sales and new warehouse driving growth. Full-year revenue declined slightly, but cost efficiency and digital transformation supported profitability.
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Q3 revenue declined 2.1% year-over-year to EUR 222.1 million, with Lindex impacted by logistics and Stockmann improving profitability via cost savings. Guidance for 2024 expects flat to -2% revenue and EUR 70–80 million adjusted operating result.
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Q2 was marked by a challenging fashion market, with revenue declines in June offset by Stockmann's improved results and cost efficiencies. Strategic investments in digitalization, sustainability, and omni-channel expansion continued, while guidance for 2024 remains unchanged.