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Analyst Comment

Lindex Group: Strong performance on the Swedish clothing market in June

By Rauli JuvaAnalyst
Lindex Group

Translation: Original published in Finnish on 07/14/2025 at 08:33 am EEST

Development of the Swedish clothing market (y-o-y)

Ruotsin Vaatemarkkina Kesäkuu 2025

The June figures for the Swedish clothing market were published this morning. According to Svensk Handel, sales were up by as much as 10% from last year. We believe the strong development was supported by a weak comparison figure and the shift in summer season sales from May to June. Apparently, summer sales campaigns have also boosted sales. With a strong June, Q2 performance ended slightly positive, and the full year-to-date performance was just under 2% positive. 

Sweden accounts for more than half of the Lindex chain’s sales

Sweden is Lindex's largest market and accounts for more than half of the sales of the Lindex chain (but not the whole group which is also called Lindex). Our Q2'25 revenue forecast for the Lindex segment is roughly flat year-on-year in local currencies. With the strong growth in June, this is roughly in line with the Q2 Swedish market development, and we therefore see no need for forecast revisions. The development of SEK and NOK, which together account for around 70% of the Lindex segment’s sales, also affects the company’s figures. In our forecasts, the currency effect will turn positive in Q2’25 for the first time in a long time, driven by the strengthening of the Swedish krona. For the Group as a whole, Lindex has guided for 0-4% growth in local currencies this year.

Lindex Group operates in the retail sector. The Group manages a number of stores in major shopping centres and large commercial premises located throughout the Nordic market. The Group is a retailer of several brands and the range consists of clothing, shoes and related accessories. The company has its headquarters in Helsinki.

Read more on company page

Forum discussions

Recommend this (paid) article Riku Lyly ja ennakkoluuloton uusi Stockmann
12/1/2025, 5:27 PM
by Nicolas
3
It might be wishful thinking again, but I’ve been casually following Lindex’s online store from time to time. Among their best-selling products...
11/25/2025, 8:29 PM
by Kelmeelä
8
Talouselämä – 15 Nov 25 Osta ja pidä -strategiassa täytyy myös myydä osakkeita – Kim Lindström:... Sijoittajille suositellaan osta ja pidä -...
11/17/2025, 6:48 AM
by Tnokka
12
I agree with you, of course. I was mostly thinking about the perception of the companies from my perspective, that Nelly was viewed by consumers...
11/13/2025, 1:31 PM
by Jesper Hagman
8
I have the impression that Lindex has that reputation you described in Finland as well. I don’t think Lindex itself is perhaps aiming for a ...
11/13/2025, 12:35 PM
by Nicolas
9
In Sweden, there has been a lot of talk about companies that have successfully made the transition that Lindex might want to make? I’m thinking...
11/13/2025, 9:08 AM
by Jesper Hagman
51
Actually, regarding Lindex/Stockmann, IFRS 16 works a bit differently than with NoHo, due to the specific nuances of sale&leasebacks, which ...
11/12/2025, 11:44 AM
by Rauli_Juva
14
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