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Stockmann Q4'22: Lindex is running the train
Stockmann's Q4 result was slightly below our expectation, but Lindex’s gross margin was strong. 2023 guidance was roughly in line with expectations. The warehouse is still a source of grief, while Lindex is delivering, both in terms of revenue and profitability, although pressed by inflation, the weakened SEK, as well as a weakening customer confidence. Analyst Rauli Juva comments.
Contents:
00:00 Start
00:14 Stockmann Q4 and 2022
01:25 Solution for department stores
02:45 Can they save themselves
03:07 Outlook for 2023
06:07 New owner
08:30 Real estate
10:35 Valuation
BICO, Capital Markets Day, 2024
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John Mattson:s VD Per Nilsson: Betaljningsviljan för bostäder i våra områden är hög!
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