Lindex Group

Lindex Group plc’s corporate restructuring programme has concluded – the supervisor of the programme has submitted a final report on the implementation of the programme The supervisor of Lindex Group plc's restructuring programme has submitted a final report on the implementation of the programme to the committee of creditors and the creditors. The company previously announced in June that it had settled the last disputed claim related to the restructuring proceedings. Following the Helsinki District Court's approval of the amendment of the restructuring programme, the company has paid the final remaining restructuring debts and fulfilled its other obligations under the restructuring programme. The company's restructuring has concluded, and the supervisor has submitted the final report. Read more: https://lnkd.in/de-qGTWW

Lindex Group’s second-quarter result was challenged by tough market, full-year guidance maintained Lindex Group plc published its Half-year Report 2025 today. Comments from our CEO Susanne Ehnbåge: "In the second quarter, Lindex Group succeeded to grow in a difficult market as both divisions over-performed the overall fashion market development in our biggest home markets. The start of the year was challenging; however, we see a gradual improvement in consumer confidence and maintain our full-year guidance. It is an important milestone for us that the Group is finally about to complete the corporate restructuring programme. The Group’s revenue increased by 0.9% while the Lindex division saw an increase of 1.5%. The Stockmann division’s revenue was at the previous year’s level. Both divisions’ performance was negatively impacted by the delayed and cold onset of summer that weakened demand for seasonal fashion apparel. In addition, the dampened consumer confidence and fashion market volatility continued. At the same time, I want to highlight Stockmann’s adjusted operating result improving to EUR 0.2 (-0.6) million, despite the headwind of the operating environment. This marked the fifth consecutive quarter of Stockmann’s result improvement and the division’s first second quarter with positive adjusted operating result after many years."

Helsinki District court has approved Lindex Group plc’s application for the amendment of the restructuring programme – the Group’s strategic assessment continues. The District Court has now approved the amendment to the restructuring programme. Lindex Group will therefore proceed to fulfil the obligations agreed in the settlement agreement and the restructuring programme. Lindex Group’s Board of Directors continues to fully focus on the strategic assessment in order to evaluate the best long-term alternative for the Stockmann department store business from the perspectives of all of the company’s stakeholders. Read more: https://lnkd.in/dd7SaHbu

Lindex Group plc has settled the remaining dispute related to its restructuring process. The settlement enables the Group to seek ending the restructuring programme. This process will be started in cooperation with the supervisor of the restructuring programme as soon as possible. Read more: https://lnkd.in/dPQR-eEm

Lindex Group plc has appointed Niklas Lindholm, Ph.D. (Econ), as the company’s new Chief People Officer and a member of the Group Management Team. In addition to his role as Group Chief People Officer, Lindholm will also act as the Lindex division’s Chief People and Communications Officer. He will take up his new position during the fourth quarter in 2025. Welcome to the team, Niklas! Read more: https://lnkd.in/dqxpY9Fb

Lindex Group plc published its Q1 2025 Interim Report today. Comments from our CEO Susanne Ehnbåge:   “During the first quarter, Lindex Group made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company. In the Lindex division, we continued the extensive ramp-up and transition phase of the new omnichannel distribution centre which enables us to execute our long-term growth plans and future-proof our logistics operations. In the Stockmann division, the efforts to improve operational and organisational efficiency paid off and the division's first quarter result improved, marking the fourth consecutive quarter of improvement. Our first quarter performance was impacted by the market environment that remained challenging.  The revenue of both divisions was negatively impacted by weakened consumer confidence and fashion market volatility. However, I am very pleased with all the achievements made during the first quarter. “

Lindex Group plc will publish its Interim Report for January–March 2025 on Tuesday 29 April 2025 at 8:30 EEST. A media and analyst briefing will be held in English the same day at 10:00 EEST as a live webcast. Welcome! https://lnkd.in/dskeXShr

Today, we held our Annual General Meeting at Finlandia Hall in Helsinki, with 123 shareholders in attendance, representing 45.8% of the total shareholder base. During the meeting, Susanne Ehnbåge, CEO of Lindex Group, provided an insightful overview of the Group’s performance in 2024, along with an update on the divisions' strategic priorities and key development projects. Following the meeting, the coffee area became a vibrant hub of lively discussions and nice networking opportunities. Thank you to everyone who participated in the Annual General Meeting and shared your valuable insights during the discussion. Read more about the resolutions in the stock exchange release - link in the comments. #LindexGroup #Lindex #Stockmann

Lindex Group plc’s Annual General Meeting will be held on Wednesday 2 April 2025 at 12:00 at Finlandia Hall at the address Mannerheimintie 13e, FI-00100 Helsinki, Finland. The reception of participants that have registered for the meeting and the distribution of voting tickets will commence at 10:30 at the meeting venue. The registration for the Annual General Meeting is open until 27 March 2025 at 16:00 (Finnish time). Read more: https://lnkd.in/dTETgzhm