Sales in October increased by 0.4% year-on-year. Due to minor changes made earlier in the year, the cumulative figure for the year was not published, but we estimate it to be around 1%.

The target market of Kesko, Tokmanni and Lindex’s Stockmann, i.e., the department store and hypermarket chains, saw revenue fall by one per cent in September.

Lindex Group's Q3 results were well below our expectations and the comparison period, as the Lindex segment's sales suffered from logistical problems and its gross margin was also below our expectations.

Lindex Group will report its Q3 results on Friday at 8:30 am EEST. We expect revenue and adjusted EBIT for the Group to be broadly in line with the year-ago period.

The September figures for the Swedish clothing market were published this morning. September sales increased by 1%. Due to minor changes made earlier in the year, the cumulative figure for the year was not published, but we also estimate it to be around 1%.

The August figures for the Swedish clothing market were published this morning. August sales increased by 2%. Due to minor changes, the cumulative figure for the year was no longer published, but we estimate it to be around 1%.

The target market of Kesko, Tokmanni and Lindex’ Stockmann, i.e., the department store and hypermarket chains, remained at the level of the comparison period (+0.4%) in July. The development was positive for food (+2%), but revenue in the consumer goods market continued its downward trend (-3.3%).

July figures for the Swedish clothing market were published yesterday. July sales increased by 1.5%. Increased tourism was mentioned in the release as a reason for the growth, but we believe the change is also within normal monthly fluctuation. For the first half year as a whole, the Swedish clothing market grew by 0.7%.

Sales of the Finnish department store and hypermarket chains, i.e. the target market of Kesko, Tokmanni and Lindex, decreased by 2% in May to 779 MEUR.

Lindex Group's turnover remained at the level of the comparison period and the profit decreased slightly, both slightly below our forecasts. The instructions updated from the beginning of the week were of course unchanged. The company's CEO Susanne Ehnbåge commented on the past quarter in an interview with analyst Rauli Juva.

Lindex Group’s revenue was at the level of the comparison period and the result decreased slightly, both coming in a tad below our forecasts. The guidance which was updated earlier this week naturally remained unchanged.