contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


dnb-carnegie-access-lindex-group-strong-brands-ready-for-next-phase-initiating-coverage

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

DNB Carnegie initiates coverage. Fair Value: €2.5 - 3.2 per share  We derive our fair value range for Lindex Group by applying peer group P/E and P/sales multiples to our 2027 estimates.  Short term (6-12 months)  The Lindex division expects to enjoy the full benefit of the new distribution centre in 2026, yielding net opex savings of EUR10m annually, equal to 15% of group Q3 2025 LTM EBIT, in our view supporting group EBIT margin gains in 2026.  Further details and the full report here: DNB Carnegie Access:

A recent post by Arhi on the clothing retail sector. “Times remain difficult in the clothing retail operating environment. There are still no strong signs of a clear recovery in sales on the horizon. With consumers being cautious with their spending, it is likely that the share of hypermarkets (Prisma, K-Citymarket, and Tokmanni) in clothing retail has grown.”                   kaupantila.fi              Vaatekaupassa vuosi 2024 oli nihkeä valtaosalle, muttei kaikille    Vaatekauppa Suomessa on kärsinyt niin pandemiasta, etätyön suosion kasvusta kuin myös kovasta inflaatiosta. Myös pidemmässä katsannossa toimialan myynti on laskenut varsin tasaisesti 2010-luvulla.

Probably a defensive victory. According to Statistics Finland, consumers still consider purchasing durable goods to be unfavorable. Confidence among women, in particular, remained very low. I don’t have any certain information, but I recall an OP analyst thinking the guidance was at risk. OP has apparently stopped coverage after the Stockmann disappointment, which is why I can’t see the equity research. Comically, the title of the research was “Solution for department stores known in Q4”. In my opinion, the shift in timing was quite clear, as the poll on the forum also showed. Hopefully Stockmann has improved its results to get the cash flow turned around. Dividends are also potentially on the way, which provides some comfort.

Lindex’s earnings release is on 6 February 2026, but sometimes in the past, guidance has been issued around mid-January. Last year’s guidance, after all, was based on an insanely strong Q4. What kind of results are the more informed people here expecting? As for Stockmann’s future, you probably shouldn’t hold your breath.

Speaking from experience, it’s not worth paying attention to checkout lines this close to Christmas. Most of the cost burden is present for 98% of the rest of the year too, when there aren’t such large crowds. Lindex Oyj announced its name change at the end of 2023, which is when the stock started breaking away from that roughly €2 valuation. Since then, Lindex’s earnings performance has remained steady and Stockmann’s (Stocka’s) has slightly improved, though the improvement has been a disappointment—at least for me—considering that we’ve moved past the general COVID slump and the energy crisis.

This comment by Lucas was likely written more with Björn Borg in mind, but it might be of interest in this thread as well.  Preliminary sales figures for the Swedish clothing market through December 16th fell by 8.4%. Although we believe the figures were quite weak, the period is fairly short, so it could be affected by several factors, such as the timing of Black Week sales.                   Inderes              Ruotsin vaatemarkkina laski joulukuun alussa - Inderes    Ruotsin vaatemarkkinan alustavat joulukuun myyntiluvut laskivat 8,4 % joulukuun 16. päivään mennessä. Vaikka uskomme lukujen olleen suhteellisen heikkoja, ajanjakso on melko lyhyt, joten siihen voivat vaikuttaa useat tekijät, kuten Black Week...

In my own portfolio, units of at least the following companies have been up for sale: KH-group - Indoor, Wärtsilä - Energy Storage, Tieto - Tech Services. What they have in common is that if they have sold recently, they have had to sell at an undervalue. The share prices of all of them have reacted negatively in the short term to both decisions, whether they sold or decided not to. In Stockmann’s case, selling at an undervalue would have been a certainty. So, regarding the giving away of owners’ money just for the short-sighted returns sought by some investors—it is good that they are now selling in disappointment and exiting as shareholders, allowing the company to continue its long-term development work. Stockmann is not in such a weak position that it would be forced to make a bad decision for the owners. Revenue and the online store’s 1.4 million customers provide an opportunity to increase value significantly if the right moves are made. While it has been up for sale, radical changes could not be made because no one buys a loss-making retail chain in the middle of major changes; it is too risky. The situation is that if the retail chain’s value is very low or negative, even a moderate increase in value brings significant leverage to the value of the investors’ holdings. The separation is likely timed precisely for the moment it turns profitable, as there was a risk that the market would not appreciate it under the current group structure; as a separate entity, its value can be made reliably visible. Could this Christmas’s sales be enough, now that consumers have finally dared to open their wallets—which have been kept tightly shut lately—for the holiday season?

Lindex Group

DNB Carnegie has published a new commissioned research report initiating coverage on Lindex GroupTo access the full report and subscribe to future updates, visit https://access.dnbcarnegie.com...

<div class="mfn-preamble"><p><strong>DNB Carnegie has published a new commissioned research report initiating coverage on Lindex Group</strong></p></div><div class="mfn-body"><p>To access the full report and subscribe to future updates, visit <a rel="noopener" href="https://access.dnbcarnegie.com/companies/1624">https://access.dnbcarnegie.com/companies/1624</a></p></div><div class="mfn-footer mfn-6fcd5977fc3f"><p><strong class="mfn-heading-1">Information</strong><br>This is a press release from DNB Carnegie. For information about DNB Carnegie commissioned research, see <a rel="noopener" href="https://access.dnbcarnegie.com/">https://access.dnbcarnegie.com/</a>, or contact our commissioned research team at <a rel="noopener" href="mailto:cr@carnegie.se">cr@carnegie.se</a>.</p></div><div class="mfn-footer mfn-about mfn-f597257b14ff"><p><strong class="mfn-heading-1">About Us</strong><br>DNB Carnegie is the leading and independent Nordic investment and private bank. Our operations within Corporate Finance, Securities and Research, Private Banking and Wealth Management are among the market leaders within their respective sectors. Together, they build an unbeatable combination of integrated knowledge, guiding our clients towards better business. DNB Carnegie operates in six countries and has more than 800 employees.</p></div>