Lindex Group: Lindex Group reports lower sales and earnings - reiterates forecasts

Retail group Lindex Group reports lower sales in the first quarter compared with the same period last year. Operating loss increased. The chain is repeating its forecasts for the year. Sales fell 3.5 percent to EUR 186.0 million (192.8). In local currency, sales fell by 3 percent. Gross profit was EUR 106.8 million (108.5), with a gross margin of 57.4 percent (56.3). Operating profit was EUR -9.5 million (-7.6). Adjusted operating profit was EUR -8.7 million (-6.5). Profit after tax was EUR -20.2 million (-15.4). Earnings per share amounted to EUR -0.13 (-0.10). Lindex Group is repeating its forecasts. Sales are expected to increase by 0-4 percent in local currencies in 2025 compared with 2024. The Group's adjusted operating profit is estimated at EUR 70-90 million. Exchange rate fluctuations can have a significant impact on adjusted operating profit, the clothing chain writes. During the first quarter, Lindex Group established a new children's store in London, among other things. CEO Susanne Ehnbåge writes in the report that the market outlook during the first quarter was challenging. "Continued geopolitical tensions and the risk of unexpected changes in global trade increased uncertainty in our key markets and weakened consumer confidence during the quarter. Consumer behavior remained cautious, and in some markets we saw a decline in both employment expectations and retail sales," she writes in her CEO statement. Lindex Group, MEUR Q1-2025 Q1 Change Net sales 186 192.8 - Gross 106.8 108.5 - Gross margin 57. 56.3 Operating profit -9.5 -7.6 Adjusted operating profit -8.7 - Net profit - -15.4 Earnings per share, EUR - -0.10