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Analyst Comment

Lindex Group: The Swedish clothing market grew in April

By Rauli JuvaAnalyst
Lindex Group

Lndx

Translation: Original published in Finnish on 5/14/2025 at 7:52 am EEST.

The April figures for the Swedish clothing market were published this morning. According to Svensk Handel, sales were up 2.9% from last year. Despite the fact that Easter fell in April, warmer weather and growth in e-commerce boosted sales. In the first three months of the year, the market has grown around 2%. 

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 Q2'25 revenue forecast for the Lindex segment is roughly flat year-on-year in local currencies. The market performance in April is therefore better than expected. The development of SEK and NOK, which together account for around 70% of the Lindex segment’s sales, also affects the company’s figures. In our forecasts, the currency effect will turn positive in Q2’25 for the first time in a long time, driven by the strengthening of the Swedish krona. For the Group as a whole, Lindex has guided for 0-4% growth in local currencies this year.

Sweden is Björn Borg's largest market, accounting for approximately 35% of total revenue

Our current estimates include that Björn Borg will achieve around 2% year-on-year growth in Sweden for Q2’25, close to the 3% growth in April for the broader Swedish clothing market. This growth is primarily expected to be driven by strong performance in the company’s e-commerce channel, which we estimate to grow by around 10% in Q2'25 (y/y). Björn Borg will release its Q1 report tomorrow. 

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

Lindex last distributed dividends in 2013. Lindex’s dividend policy is: “The Board of Directors of Lindex Group Plc has set a dividend distribution...
12/5/2025, 7:31 PM
by Tiloski
3
Last year, on December 17th, the deadline for the strategic review was moved to the first half of 2025. In a news item on June 27, 2025, KL ...
12/5/2025, 6:35 PM
by Tnokka
10
Where are Lindex’s strategic solutions? An IPO on the Stockholm Stock Exchange early in the year to boost e-commerce and develop the business...
12/5/2025, 1:34 PM
by hawk_
6
Recommend this (paid) article Riku Lyly ja ennakkoluuloton uusi Stockmann
12/1/2025, 5:27 PM
by Nicolas
4
It might be wishful thinking again, but I’ve been casually following Lindex’s online store from time to time. Among their best-selling products...
11/25/2025, 8:29 PM
by Kelmeelä
8
Talouselämä – 15 Nov 25 Osta ja pidä -strategiassa täytyy myös myydä osakkeita – Kim Lindström:... Sijoittajille suositellaan osta ja pidä -...
11/17/2025, 6:48 AM
by Tnokka
12
I agree with you, of course. I was mostly thinking about the perception of the companies from my perspective, that Nelly was viewed by consumers...
11/13/2025, 1:31 PM
by Jesper Hagman
8
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