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
2.09
2.40
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 Figures23.07.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 981.7 | 970.5 | 975.0 |
growth-% | 9.20 % | -1.14 % | 0.46 % |
EBIT (adj.) | 79.8 | 83.2 | 71.0 |
EBIT-% (adj.) | 8.13 % | 8.57 % | 7.28 % |
EPS (adj.) | 0.32 | 0.23 | 0.20 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.07 | 12.50 | 14.47 |
EV/EBITDA | 2.95 | 5.34 | 5.25 |