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Stockmann: Structural change main topic next year

LINDEXExtensive research2023-12-19 08:52
Rauli JuvaAnalyst
Discuss
Download report (PDF)

We still see potential in the stock, supported by the structural arrangement that is likely to progress next year. We raised our forecasts slightly in this report, mainly due to the stronger SEK.

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

Give Stockmann a large enough dowry and start focusing on Lindex. This is the best way to create shareholder value, which the board emphasized...
7 hours ago
by Arvoansa1
0
The discussion about lease liabilities started from Carnegie’s analysis, which Opa linked here. According to Carnegie, there is a significant...
7 hours ago
1
Stockmann’s biggest challenge regarding expenses is likely not specifically administration, marketing, or procurement, but rather personnel ...
9 hours ago
by Nicolas
1
Well, exactly so; the comments here about the rent levels are a bit strange. According to the company, all department stores are profitable ...
12 hours ago
by Seinäkadun Keisari
4
When the Helsinki property was sold, it was reported that the purchase price would result in a 4.2% net yield for Keva. That is not entirely...
13 hours ago
by Opa
3
Ok, so in your opinion, the value of the property was actually only about 200 million?
14 hours ago
by Seinäkadun Keisari
0
The current rent level is based on the transaction between Stockmann and KEVA, where the property’s price was set at 400 million euros. In practice...
14 hours ago
1