Swedish vogue chain Lindex Group has recorded income of €940.1 million (~$968.6 million) for the total fiscal ended December 31, 2024, a lower of 1.2 per cent year-over-year (YoY), with native foreign money income declining by 1.3 per cent. The digital share of complete income elevated to 18.1 per cent, in comparison with 16.8 per cent in 2023, with digital income in native currencies rising by 6.3 per cent, up from 3.3 per cent within the earlier yr.
The gross revenue of the corporate declined to €547.9 million (~$564.5 mn) from €554.2 million in 2023, whereas the gross margin remained steady at 58.3 per cent (58.2 per cent in 2023). The adjusted working outcome fell to €74.9 million, down from €80.0 million, with the adjusted working margin declining to eight.0 per cent from 8.4 per cent, Lindex mentioned in a press launch.
Lindex Group’s 2024 income declined 1.2 per cent YoY to €940.1 million (~$968.6 million), with native foreign money income down 1.3 per cent.
The web outcome fell to €13.2 million resulting from decrease working outcomes and better taxes.
The income in This fall dropped 0.2 per cent, whereas web outcome greater than doubled to €19.8 million.
Lindex expects income progress of 0–4 per cent in full yr 2025.
The corporate’s capital expenditure decreased to €45.7 million from €65.1 million in 2023. The working outcome additionally dropped to €60.9 million in comparison with €76.5 million within the prior yr, decreasing the working margin to six.5 per cent, from 8.0 per cent in 2023.
The web outcome fell sharply to €13.2 million in comparison with €51.7 million in 2023, primarily resulting from decrease working outcomes and elevated tax bills.
Earnings per share (EPS) declined considerably to €0.08, from €0.33, partly resulting from an elevated variety of shares. Adjusted EPS stood at €0.15, barely decrease than the €0.16 recorded in 2023.
“In 2024, we continued our target-oriented work to build a solid, yet scalable foundation for the future of Lindex Group. In line with our strategy, we want to be fit for capturing new business opportunities, accelerating growth and enhancing value creation for our customers and shareholders. While focusing on serving and inspiring our customers with new collections and services, we made a good and concrete progress in the strategic focus areas of both Lindex and Stockmann division. During the year, we completed several strategic development projects enabling our future success,” mentioned Susanne Ehnbage, chief govt officer (CEO) at Lindex Group.
Fourth quarter (This fall) outcomes
The group reported a income of €273.7 million in This fall 2024, a slight decline of 0.2 per cent YoY. Nevertheless, income in native currencies grew 0.8 per cent, reflecting some resilience in worldwide markets. The digital share of income elevated to 18.9 per cent from 17.3 per cent, with digital income in native currencies rising 8.7 per cent, up from 5.2 per cent in This fall 2023.
The corporate’s gross revenue rose to €159.1 million (~$164.3 million) from €157.8 million, with the gross margin bettering to 58.1 per cent from 57.5 per cent. The adjusted working outcome grew by 19.5 per cent, reaching €36.1 million, whereas the adjusted working margin elevated to 13.2 per cent from 11.0 per cent. The working outcome improved to €33.1 million from €28.9 million, resulting in a better working margin of 12.1 per cent in comparison with 10.5 per cent in the identical quarter final yr.
The web outcome for the quarter greater than doubled, rising to €19.8 million from €9.7 million, pushed by a better working outcome and decreased tax bills. Earnings per share (EPS) improved to €0.12, up from €0.06 in This fall 2023, whereas adjusted EPS rose to €0.14 from €0.07.
Outlook 2025
For 2025, Lindex Group expects its income to extend by 0−4 per cent in native currencies in comparison with 2024. The group’s adjusted working result’s estimated to be €70−90 million, and overseas alternate fee fluctuations could have a big impact on the adjusted working outcome.
