Finland's Lindex Group Q1 profitability hit by omnichannel distribution centre costs

Lindex Oyj

28/04/2026 06:46

Overview

Finland-based retail group's Q1 revenue rose 3.7% yr/yr to EUR 193 mln

Adjusted operating result declined due to transition costs for new omnichannel distribution centre

Gross margin improved to 58.5%, but net result remained negative and little changed from last year

Outlook

Lindex Group expects 2026 revenue to grow in local currencies versus 2025

Company estimates 2026 adjusted operating result at EUR 70–95 mln

Company says macroeconomic volatility and geopolitical risks may weigh on key markets in 2026

Result Drivers

LINDEX DIVISION GROWTH - Lindex division's revenue grew 5.8%, driven by strong commercial offering and proactive clearance sales

DISTRIBUTION CENTRE TRANSITION COSTS - Adjusted operating result declined mainly due to increased operating costs and higher depreciations from the transition to the new omnichannel distribution centre

STOCKMANN DIVISION IMPROVEMENT - Stockmann division's adjusted operating result improved, supported by higher gross profit, lower operating costs, and a successful exclusive brand launch

Company press release: ID:nWkrfv0J0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 193 mln
Q1 EPS
-EUR 0.12
Q1 Gross Margin
58.50%
Q1 Adjusted EBIT
-EUR 11.90 mln
Q1 EBIT
-EUR 13.10 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 €3.18, about 38.9% above its April 27 closing price of €2.29

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 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.)