Latest news with #Lindex
Fashion Network
29-04-2025
- Business
- Fashion Network
Q1 is tough for Lindex Group as fashion sales weaken
Lindex Group said Tuesday that its first quarter was impacted by 'weakened consumer confidence and logistical challenges', although the Stockmann division's adjusted operating result improved. The Finnish company owns the international Lindex brand and the Finland/Baltics-focused Stockmann department stores chain. The first three months of 2025 saw revenue falling to €186 million from €192.8 million, a decline of 3% in local currencies. Despite the Lindex division having been a stronger performer in recent periods, in the latest quarter the revenue of both divisions was dented by lower consumer confidence 'and continued fashion market volatility'. And like all companies, it faced one particular challenge this year with the first quarter of last year having had an extra trading day due to it being a leap year. What did all this mean in numbers? Lindex division revenue fell to €126.3 million from €130.6 million. That was a 3.3% overall decline and 2.5% in local currencies. It was partly affected by temporary supply delays related to the extensive ramp-up process of the new omnichannel distribution centre. The Stockmann division's revenue fell by 3.9% to €59.8 million from €62.2 million, mainly due to a decrease in fashion category sales. While the group's gross margin improved to 57.4% from 56.3%, its adjusted operating result fell to a loss of €8.7 million, which was wider than the loss of €6.5 million in the previous year's Q1. The Lindex division's adjusted operating result was a loss of €0.3 million from a profit of €4.2 million in the previous year, due to the decrease in revenue and higher operating costs. Yet Stockmann's adjusted operating result improved. That said, it remained loss-making on this basis, the figure narrowing to a loss of €7.3 million from one of €9.4 million 'due to successful cost efficiency measures'. The overall operating loss widened to €9.5 million from a loss of €7.6 million the year before and the net loss also widened to €20.2 million from €15.4 million. For this year as a whole, Lindex Group expects its revenue to increase by anywhere from 0% to 4% in local currencies compared to 2024. The Group's adjusted operating result is estimated to be positive, in a range of €70 million-€90 million. The company said the macroeconomic situation in its main markets is estimated to remain challenging, especially during the first half of the year. Continuing geopolitical uncertainty, together with the increased risks for global trade disturbances, 'may have a negative impact on the economic recovery'. But there remain a lot of unknowns about the rest of 2025. It said that towards the latter part of the year, economic growth might accelerate if interest rates continue to decline and inflation remains stable. Increasing purchasing power of households may gradually start supporting favourable development of consumer demand. However, the situation may vary between the group's markets. Disruptions in supply chains and international logistics during the year can also not be excluded. CEO Susanne Ehnbåge said that in Q1, it 'made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company'. In the Lindex division, it '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 addition, the important digital transformation efforts of the Lindex division progressed well with ongoing enhancements of customer-facing touchpoints and enhanced internal capabilities. The number of active customers increased for both divisions, and the Lindex division continued to expand its international presence by, for example, launching a new Lindex Kids store in London'. 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'. It also continued developing Stockmann's strategic omnichannel approach, 'making the interaction of digital and physical channels as seamless as possible for our customers. We entered new concession partnerships to complement and elevate our own offering with new unique products, services and experiences'.
Fashion Network
29-04-2025
- Business
- Fashion Network
Q1 is tough for Lindex Group as fashion sales weaken
Lindex Group said Tuesday that its first quarter was impacted by 'weakened consumer confidence and logistical challenges', although the Stockmann division's adjusted operating result improved. The Finnish company owns the international Lindex brand and the Finland/Baltics-focused Stockmann department stores chain. The first three months of 2025 saw revenue falling to €186 million from €192.8 million, a decline of 3% in local currencies. Despite the Lindex division having been a stronger performer in recent periods, in the latest quarter the revenue of both divisions was dented by lower consumer confidence 'and continued fashion market volatility'. And like all companies, it faced one particular challenge this year with the first quarter of last year having had an extra trading day due to it being a leap year. What did all this mean in numbers? Lindex division revenue fell to €126.3 million from €130.6 million. That was a 3.3% overall decline and 2.5% in local currencies. It was partly affected by temporary supply delays related to the extensive ramp-up process of the new omnichannel distribution centre. The Stockmann division's revenue fell by 3.9% to €59.8 million from €62.2 million, mainly due to a decrease in fashion category sales. While the group's gross margin improved to 57.4% from 56.3%, its adjusted operating result fell to a loss of €8.7 million, which was wider than the loss of €6.5 million in the previous year's Q1. The Lindex division's adjusted operating result was a loss of €0.3 million from a profit of €4.2 million in the previous year, due to the decrease in revenue and higher operating costs. Yet Stockmann's adjusted operating result improved. That said, it remained loss-making on this basis, the figure narrowing to a loss of €7.3 million from one of €9.4 million 'due to successful cost efficiency measures'. The overall operating loss widened to €9.5 million from a loss of €7.6 million the year before and the net loss also widened to €20.2 million from €15.4 million. For this year as a whole, Lindex Group expects its revenue to increase by anywhere from 0% to 4% in local currencies compared to 2024. The Group's adjusted operating result is estimated to be positive, in a range of €70 million-€90 million. The company said the macroeconomic situation in its main markets is estimated to remain challenging, especially during the first half of the year. Continuing geopolitical uncertainty, together with the increased risks for global trade disturbances, 'may have a negative impact on the economic recovery'. But there remain a lot of unknowns about the rest of 2025. It said that towards the latter part of the year, economic growth might accelerate if interest rates continue to decline and inflation remains stable. Increasing purchasing power of households may gradually start supporting favourable development of consumer demand. However, the situation may vary between the group's markets. Disruptions in supply chains and international logistics during the year can also not be excluded. CEO Susanne Ehnbåge said that in Q1, it 'made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company'. In the Lindex division, it '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 addition, the important digital transformation efforts of the Lindex division progressed well with ongoing enhancements of customer-facing touchpoints and enhanced internal capabilities. The number of active customers increased for both divisions, and the Lindex division continued to expand its international presence by, for example, launching a new Lindex Kids store in London'. 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'. It also continued developing Stockmann's strategic omnichannel approach, 'making the interaction of digital and physical channels as seamless as possible for our customers. We entered new concession partnerships to complement and elevate our own offering with new unique products, services and experiences'.
Daily Mail
24-04-2025
- Entertainment
- Daily Mail
We've found Meghan Markle's exact linen suit - and the incredibly chic high-street lookalikes that are set to sell out
Meghan Markle is known for her love of designer fashion - and once again, she delivered a masterclass in elegance. This week, the Duchess stepped out in a chic Ralph Lauren suit, paired with a silk blouse from the brand and her trusty Manolo Blahnik heels. A perfect choice for spring, the suit is tailored from breathable linen in a flattering camel hue. Featuring an oversized blazer and wide-leg trousers, the ensemble is classic Meghan - modern, refined and effortlessly stylish. While her exact outfit is available to shop below, be prepared - it comes with a hefty price tag. Thankfully, we've found the best high street alternatives so you can recreate the look for less. Keep scrolling for our curated picks. SHOP MEGHAN'S EXACT LOOK... Ralph Lauren Collection Silk-Linen Twill Suit This elegant suit from Ralph Lauren is crafted from a luxurious silk-linen blend, featuring an oversized blazer paired with wide-leg trousers. Genuine horn buttons add a refined, high-end finish. £3,830 Shop Ralph Lauren Collection Karen Silk Georgette Blouse Made in Italy, Ralph Lauren's Karen blouse is cut from double silk georgette for a soft, flowing drape. Traditional menswear details like a French placket and spread collar contrast beautifully with its feminine tie cuffs. £1,210 Shop H&M Linen-Blend Suit H&M's linen-blend suit is the ultimate easy-to-wear outfit, combining a relaxed blazer with longline trousers. Pair it with a simple t-shirt and sandals for an effortlessly cool look. £219.98 Shop Reiss Devon Linen-Blend Suit Reiss delivers a structured take on the trend with a sharply tailored blazer, incorporating a double-breasted front and padded shoulders. The matching wide-leg trousers feature pressed creases for a polished finish. £448 Shop Lindex Linen-Blend Suit From Lindex's premium collection, this suit features a lightweight blazer and straight-leg trousers made from structured fabric. A high waist and subtle pleats add a flattering finish to the laidback look. £149.98 Shop M&S Autograph Pure Silk Organza Shirt Upgrade your wardrobe with this pure silk shirt from M&S, designed with a crisp collar and classic fit. The semi-sheer fabric brings a contemporary edge, making it perfect for layering. £89 Shop Next Suede Court Shoes These classic camel court shoes from Next feature a sleek pointed toe and stiletto heel. Completed with memory foam insoles, they blend style with all-day comfort. £44 Shop
Yahoo
19-02-2025
- Business
- Yahoo
Lindex Group Oyj And 2 Other Promising Penny Stocks For Your Watchlist
As global markets experience heightened volatility, with U.S. stock indexes nearing record highs and inflation data fueling expectations of prolonged interest rate policies, investors are increasingly seeking opportunities in less conventional areas. Penny stocks, though a term from earlier market days, continue to represent smaller or less-established companies that may offer significant value potential. By focusing on those with strong financial foundations and a clear growth trajectory, investors can uncover promising opportunities within this niche sector. Name Share Price Market Cap Financial Health Rating DXN Holdings Bhd (KLSE:DXN) MYR0.53 MYR2.64B ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$3.87 HK$44.43B ★★★★★★ Warpaint London (AIM:W7L) £4.10 £331.23M ★★★★★★ Begbies Traynor Group (AIM:BEG) £0.938 £149.49M ★★★★★★ Datasonic Group Berhad (KLSE:DSONIC) MYR0.335 MYR932.02M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.98 £480.06M ★★★★★★ Hil Industries Berhad (KLSE:HIL) MYR0.84 MYR278.83M ★★★★★★ MGB Berhad (KLSE:MGB) MYR0.695 MYR411.2M ★★★★★★ Embark Early Education (ASX:EVO) A$0.79 A$144.95M ★★★★☆☆ Next 15 Group (AIM:NFG) £3.15 £313.29M ★★★★☆☆ Click here to see the full list of 5,690 stocks from our Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Lindex Group Oyj operates in the retail sector both in Finland and internationally, with a market cap of €488.91 million. Operations: The company's revenue is derived from two main segments: Lindex, contributing €628.8 million, and Stockmann, generating €311.6 million. Market Cap: €488.91M Lindex Group Oyj, with a market cap of €488.91 million, operates in the retail sector and has shown mixed financial performance recently. The company reported stable fourth-quarter sales of €273.7 million but saw net income rise significantly to €19.8 million from the previous year. Despite its low Return on Equity at 3.4% and declining profit margins, Lindex's debt management is strong with cash exceeding total debt and operating cash flow covering debt well. Strategic investments like their new distribution centre aim for long-term growth, though short-term liabilities remain a concern against long-term obligations (€641.6M). Unlock comprehensive insights into our analysis of Lindex Group Oyj stock in this financial health report. Examine Lindex Group Oyj's earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Wanda Hotel Development Company Limited is an investment holding company involved in property development, investment, leasing, and management in China and internationally, with a market cap of HK$1.88 billion. Operations: The company's revenue is primarily derived from hotel operation and management services (HK$746.85 million), followed by hotel design and construction management services (HK$172.80 million) and investment property leasing (HK$92.29 million). Market Cap: HK$1.88B Wanda Hotel Development, with a market cap of HK$1.88 billion, is unprofitable but has significantly reduced its losses over the past five years. Despite its financial challenges, the company maintains a strong cash position with short-term assets exceeding liabilities and more cash than total debt. This provides it with a sufficient cash runway for over three years if current conditions persist. Recent board changes include the appointment of Mr. Zhang Chunyuan as a non-executive director, potentially bringing new strategic insights from his extensive experience within Dalian Wanda Group. The stock remains highly volatile and trades below estimated fair value. Click here to discover the nuances of Wanda Hotel Development with our detailed analytical financial health report. Gain insights into Wanda Hotel Development's historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Tian An China Investments Company Limited is an investment holding company that focuses on investing in, developing, and managing properties across the People's Republic of China, Hong Kong, the United Kingdom, and Australia with a market cap of HK$7.04 billion. Operations: The company generates revenue primarily from property development (HK$1.10 billion) and property investment (HK$581.17 million). Market Cap: HK$7.04B Tian An China Investments, with a market cap of HK$7.04 billion, shows mixed financial health with short-term assets exceeding both short and long-term liabilities. However, its operating cash flow does not adequately cover debt levels, posing some risk. The company experienced negative earnings growth last year and relies on one-off gains like the HK$452.8 million impact to bolster recent results. Despite low return on equity at 3%, it maintains satisfactory net debt to equity at 6.1% and covers interest payments well with EBIT at 18.8 times coverage. Recent board changes aim to enhance corporate governance through strategic succession planning. Navigate through the intricacies of Tian An China Investments with our comprehensive balance sheet health report here. Evaluate Tian An China Investments' historical performance by accessing our past performance report. Take a closer look at our Penny Stocks list of 5,690 companies by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HLSE:LINDEX SEHK:169 and SEHK:28. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
