Brief: Stockmann Q2 Impacted By Exchange Rates

Lindex Oyj

21/07/2023 06:15

July 21 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * Q2 IMPACTED BY EXCHANGE RATES
    * CURRENT CHALLENGING GEOPOLITICAL SITUATION AND HIGH INFLATION LEVEL ARE EXPECTED TO
CONTINUE
    * INFLATION, TOGETHER WITH HIGH INTEREST RATES, IS FORECAST TO HAVE A NEGATIVE IMPACT ON
CONSUMER
CONFIDENCE AND PURCHASING POWER
    * RETAIL MARKET IS EXPECTED TO REMAIN CHALLENGING DUE TO LOWER CONSUMER DEMAND AND INCREASED
PURCHASING PRICES AND OPERATING COSTS
    * RISK OF POTENTIAL DISRUPTIONS IN SUPPLY CHAINS AND INTERNATIONAL LOGISTICS CANNOT BE
EXCLUDED
    * ONGOING CONSTRUCTION OF LINDEX DIVISION'S  OMNICHANNEL DISTRIBUTION CENTRE IS PLANNED TO
BE
TAKEN INTO OPERATION IN AUTUMN 2024

Source text for Eikon:  ID:nWkr9LtTtB 
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