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Analyst Comment

Lindex: Swedish clothing market grew by 1% in March

By Rauli JuvaAnalyst
Lindex Group

Translation: Original comment published in Finnish on 4/11/2024 at 8:45 am EEST.

Lindex March

Source: Svensk Handel *Inderes’ estimate

The March figures for the Swedish clothing market were published this morning. Growth for the whole of Q1 was exactly 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 (not the whole group, which is now also called Lindex). Our forecast for the Lindex segment's Q1'24 revenue is 4% growth in local currencies, but the underperformance of the Swedish market puts a slight downward pressure on 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. However, the FX impact will clearly decrease this year at current exchange rates and will be only slightly negative in Q1'24 in the figures reported by Lindex.

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

Oh, boohoo for this company. First, they restructure, then an industry player becomes the owner, then 100 million euros are tied up in a new...
4/8/2026, 5:04 PM
by Opa
8
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
9
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
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