Finnish retailer Lindex Group has generated a income of €186 million (~$199.02 million) within the first quarter (Q1) of 2025 ended March 31. The income declined by 3 per cent year-over-year (YoY). The gross margin improved to 57.4 per cent and adjusted working outcome decreased to €8.7 million.
The income of each divisions (Lindex and Stockmann) was negatively impacted by weakened client confidence and continued style market volatility, Lindex Group mentioned in a launch.
Lindex Group has reported a income of €186 million (~$199.02 million) in Q1 2025, down 3 per cent YoY, with a gross margin of 57.4 per cent.
Income declined in each Lindex and Stockmann divisions attributable to weak client confidence.
Whereas Lindex confronted provide delays, Stockmann improved effectivity.
The group expects 2025 income to develop by 0-4 per cent amid geopolitical challenges.
The Lindex division’s income was €126.3 million, a decline of three.3 per cent YoY. The division’s adjusted working outcome decreased to €0.3 million attributable to lower in income and better working prices.
In the meantime, Stockmann division’s income decreased by 3.9 per cent to €59.8 million primarily attributable to a lower in style class gross sales. Its adjusted working outcome improved to destructive €7.3 million attributable to profitable value effectivity measures.
In Q1 2025, Stockmann division strengthened its assortment by getting into new concession partnerships, introducing distinctive merchandise, providers, and experiences to enrich its core providing. Whereas Lindex confronted momentary provide delays, efforts to reinforce future product availability proceed by the ramp-up of its new omnichannel distribution centre.
The working results of the group decreased to €9.5 million and internet outcome decreased to €20.2 million. Primary earnings per share (EPS) have been destructive €0.13, and diluted EPS have been destructive €0.12.
“During the first quarter, Lindex Group made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company. In the Lindex division, we continued the extensive ramp-up and transition phase of the new omnichannel distribution centre which enables us to execute our long-term growth plans and future-proof our logistics operations,” mentioned Susanne Ehnbage, chief government officer (CEO) at Lindex Group.
“In addition, the important digital transformation efforts of the Lindex division progressed well with ongoing enhancements of customer-facing touchpoints and enhanced internal capabilities. The number of active customers increased for both divisions, and the Lindex division continued to expand its international presence by, for example, launching a new Lindex Kids store in London,” added Ehnbage.
For full yr 2025, Lindex Group expects its income to extend by 0−4 per cent. The group’s adjusted working result’s estimated to be €70−90 million (~$74.9-$96.3 million).
Overseas trade fee fluctuations might have a big impact on the adjusted working outcome. The macroeconomic scenario on group’s essential markets is estimated to stay difficult, particularly in the course of the first half of the yr. Persevering with geopolitical uncertainty, along with the elevated dangers for international commerce disturbances, might have a destructive influence on the financial restoration, added the discharge.
