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 end result decreased to €8.7 million.
The income of each divisions (Lindex and Stockmann) was negatively impacted by weakened shopper confidence and continued trend 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 as a result of weak shopper 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 end result decreased to €0.3 million as a result of 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 as a result of a lower in trend class gross sales. Its adjusted working end result improved to destructive €7.3 million as a result of profitable value effectivity measures.
In Q1 2025, Stockmann division strengthened its assortment by coming into new concession partnerships, introducing distinctive merchandise, companies, 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 end result decreased to €20.2 million. Primary earnings per share (EPS) had been destructive €0.13, and diluted EPS had 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 alternate fee fluctuations could have a big impact on the adjusted working end result. The macroeconomic scenario on group’s essential markets is estimated to stay difficult, particularly throughout the first half of the yr. Persevering with geopolitical uncertainty, along with the elevated dangers for international commerce disturbances, could have a destructive affect on the financial restoration, added the discharge.
