Lindex Group PLC (FRA:SOMB)

Q1 2026 Lindex Group Oyj Earnings Call Transcript

Apr 28, 2026 / 07:00 AM GMT

Release Date Price: €2.1 (-1.87%)

Transcript

Key Points

Positve

Lindex Group PLC (STU:SOMB) reported a revenue increase of 3.7% in Q1 2026, with the Lindex Division's revenue growing by 5.8%.
The successful transition of Lindex's e-commerce operations to a new distribution center is expected to improve cost efficiency and support future growth.
The Stockman Division achieved its eighth consecutive quarter of profitability improvement, driven by cost efficiency measures.
Lindex Division expanded its physical presence by opening a second store in Denmark, strengthening its Nordic market presence.
Lindex Group's sustainability efforts are progressing well, with 91% of materials being recycled or sustainably sourced, aiming for 100% by 2026.

Negative

Consumer confidence in key markets like Finland, Sweden, and Norway decreased due to EU political tensions, impacting retail demand.
The transition to the new distribution center temporarily negatively impacted digital sales, which decreased by 10.5% in local currencies.
The group's adjusted operating result decreased to minus EUR 11.9 million, affected by higher operating costs and depreciations.
Lindex Division's operating costs increased due to volume-related expenses and warehouse transition costs.
Broader economic challenges and geopolitical risks are creating a demanding environment, potentially leading to higher costs and planning uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LINDEX.HE - Lindex Group Oyj
Q1 2026 Lindex Group Oyj Earnings Call
Apr 28, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. I'm Susanne Ian Borge, CEO of Lindex Group. I would like to warmly welcome you all to our webcast, where we will go through the key highlights of our January and March 2026 financial performance. And I have with me, as always, our CFO, Henrik Henrikson.

Now, let's continue to the agenda on the next page. We will start with the highlights of Q1, business updates for the two divisions, an index and stock month, and then look at the financials more closely. We will finish with an update on our way forward, and after our presentation, we will have time for your questions. We can now move on to the next page, please.

Let's begin with our business update for LINDEX Group, as well as the LINDEX and

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