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Analyst Comment

Lindex Group: Strong performance on the Swedish clothing market in August

By Rauli JuvaAnalyst
Lindex Group

Development of the Swedish clothing market

Swedish Clothing Market August

Source: Svensk Handel *Inderes’ estimate

Translation: Original published in Finnish on 9/15/2025 at 8:31 am EEST.

The August figures for the Swedish clothing market were published this morning. According to Svensk Handel, sales were up 6% from last year. Market development has been clearly positive during the summer months. The market is also growing for the full year, according to our assessment.

Sweden accounts for more than half of the Lindex chain’s sales

Sweden is Lindex's largest market and accounts for more than half of the sales of the Lindex chain (but not the whole group which is also called Lindex). Our Q3'25 revenue forecast for the Lindex segment is approximately 3% growth in local currencies. The company stated in connection with its Q2 results that it expects demand to pick up in the latter part of the year. In July-August, the Swedish market grew by approximately 5%, meaning that the development so far is somewhat better than our forecasts. The development of SEK and NOK, which together account for around 70% of the Lindex segment’s sales, also affects the company’s figures. The FX impact is currently seen as slightly positive for the rest of the year. For the entire Group, Lindex has guided for 0-4% growth in local currencies this year, while H1 development was still -1%.

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

This was a bit of a recap. But… Lindex and others probably follow the Securities Market Act. That means they don’t blab about important matters...
3/28/2026, 8:51 AM
by tnokka
5
Some kind of interim report on this was published last December, stating that the board believes separating the department stores is the best...
3/28/2026, 8:13 AM
by NukkeNukuttaja
7
Apparently, there’s no need to communicate, and it doesn’t add value for them. If the big owners ultimately dictate the pace and what happens...
3/27/2026, 8:23 PM
by Aili
4
I just don’t understand why Lindex continues with this absolutely terrible communication towards its owners… It somehow feels like we’re just...
3/27/2026, 5:34 PM
by PaulKo
1
Yesterday, the Lindex annual general meeting was held. Initially, I planned not to write anything, but feeling quite energetic this morning,...
3/27/2026, 7:55 AM
by NukkeNukuttaja
48
Hmmph… The purpose of limited companies is to make a profit for their owners and for the profits to be directed to the owners. It would be quite...
3/23/2026, 10:10 PM
by Aili
4
To my understanding, there are no other bonds/loans or similar instruments that would prevent dividend payments. If there’s no readiness to ...
3/19/2026, 6:36 PM
by Seinäkadun Keisari
12
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