Stockmann: Positive news expected
Stockmann’s Q3 result was slightly below our expectations and the comparison period, explained by the timing of the Crazy Days campaign. Lindex exceeded both the comparison period and our expectations. The company repeated its full-year guidance and our forecast changes were small. We expect several positive news from the company over the next 12 months and, given the potential of the restructuring, we believe that the share is cheap.
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Lindex Group
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 Figures29.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 981.7 | 948.4 | 970.1 |
growth-% | 9.20 % | -3.39 % | 2.29 % |
EBIT (adj.) | 79.8 | 80.3 | 71.0 |
EBIT-% (adj.) | 8.13 % | 8.47 % | 7.32 % |
EPS (adj.) | 0.32 | 0.21 | 0.20 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.07 | 15.98 | 16.83 |
EV/EBITDA | 2.95 | 5.86 | 5.65 |