Stockmann: Lindex continues to perform strongly
By Rauli Juva
Stockmann's Q1 result was better than expected and outperformed the comparison period, mainly due to strong margin development in Lindex. The company reiterated its guidance, but we raised our estimates to the top of the range with the good start to the year. We still feel the company is modestly valued given the possibility of value creation from the structural arrangements.
Lindex Group
2.35
Accumulate
Accumulate
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 Figures2023-05-02
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 981.7 | 980.5 | 975.0 |
growth-% | 9.20 % | -0.12 % | -0.56 % |
EBIT (adj.) | 79.8 | 79.6 | 68.0 |
EBIT-% (adj.) | 8.13 % | 8.12 % | 6.97 % |
EPS (adj.) | 0.32 | 0.23 | 0.18 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.07 | 12.83 | 16.43 |
EV/EBITDA | 2.95 | 5.51 | 5.42 |
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