Stockmann: Declining earnings guidance for 2023 as expected
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By Rauli Juva
Stockmann's Q4 result was slightly below our expectation, but 2023 guidance was roughly in line with expectations. We raised our 2023-24 estimates slightly. Our still topical initiation of coverage report is available here.
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Lindex Group
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Lindex Group operates in the retail industry. The Group manages a number of stores around larger shopping centers and commercial premises located in the Nordic market. The Group is a reseller of several brands and the range consists of shoes and associated accessories. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures26.02.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 981.7 | 980.0 | 990.0 |
growth-% | 9.20 % | -0.17 % | 1.02 % |
EBIT (adj.) | 79.8 | 68.5 | 63.0 |
EBIT-% (adj.) | 8.13 % | 6.99 % | 6.36 % |
EPS (adj.) | 0.32 | 0.19 | 0.16 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.08 | 15.56 | 18.67 |
EV/EBITDA | 2.95 | 5.83 | 5.59 |
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