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Stockmann: Lindex's margin again above expectations
By Rauli Juva
Stockmann's Q2 result decreased year-on-year, but slightly exceeded our expectations. Lindex margin development continued to be very strong. The company upgraded its earnings guidance already before the Q2 report and we raised our estimate to the top end of the updated guidance range. We still feel the company is modestly valued given the possibility of value creation from the structural arrangements.
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.
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