Finland's Lindex Q2 revenue, profit improves on demand, cost control

Lindex

17/07/2026 06:42

Overview
Finland-based fashion and department store group's Q2 revenue grew 2.2% yr/yr
Adjusted operating result rose to EUR 30.5 mln, driven by improved gross profit
Company cites disciplined cost management and positive customer response amid challenging market

Outlook
Lindex Group expects 2026 revenue to grow in local currencies compared to 2025
Company estimates 2026 adjusted operating result at EUR 70−95 mln
Company says foreign exchange rate fluctuations may significantly affect adjusted operating result

Result Drivers
GROSS PROFIT IMPROVEMENT - Group and divisional adjusted operating results were mainly driven by increased gross profit
COST MANAGEMENT - Disciplined cost management supported profitability in both divisions
CUSTOMER RESPONSE - Positive customer response to the Group’s offering and commercial execution contributed to revenue growth

Company press release: ID:nWkr8j9H6m

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 259.50 mln
 
Q2 EPS
 
EUR 0.09
 
Q2 Gross Margin
 
61.30%
 
Q2 Adjusted EBIT
 
EUR 30.50 mln
 
Q2 EBIT
 
EUR 30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for Lindex Group Oyj is €3.00, about 40.8% above its July 16 closing price of €2.13
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)