Lindex slumps as soft market, logistics issues hit Q1 performance

Lindex Oyj

29/04/2025 10:05

** Shares in Lindex Group LINDEX.HE fall 10% after the Finnish clothes retailer and department store operator reported Q1 results below estimates

** Lindex reported revenue of EUR 186 million ($211.97 million), missing Inderes' estimate of EUR 192 million

** The retailer's adjusted operating loss widened to EUR 9 million, compared to the loss estimates of EUR 4 million, Inderes says

** Inderes analyst Rauli Juva says in a note the weak Q1 result provides downward pressure on full year estimates

** Lindex sees adjusted operating result to be between EUR 70 million and EUR 90 million in 2025

** "In the Lindex-chain, sales and earnings declined from the comparison period due to soft market and logistics problems related to the ramp-up of their new distribution center," Juva says

** If losses hold, the stock is on track for its worst day since October 2022

($1 = 0.8775 euros)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))