contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


stockmann-initiation-coverage-department-stores-still-source-grief

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

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.

Lindex last distributed dividends in 2013. Lindex’s dividend policy is: “The Board of Directors of Lindex Group Plc has set a dividend distribution target of at least half of the profit generated by the core business. However, the financing required for business growth is taken into account in the dividend level.” Now that dividends could not be paid due to the corporate restructuring that began in 2020, the question arises whether dividends will be distributed next spring only from the profit of 2025 or from the profit of the entire 2021-2025 period? EPS will likely accumulate over €1.5 for the entire period. By the way, Lindex advertises in its annual report: “A clear strategy for creating growth.” I’m laughing a belly laugh  “The Group’s Board of Directors decided on September 25, 2023, to initiate a strategic review to increase shareholder value.”

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 reported: “strategic review continues” until the end of the year. On July 18, 2025, in KL, director Susanne said “will be completed by the end of the year”. Well, there’s time until December 17, 2025, if we follow the old pattern. But if it’s postponed again, they could be a bit more forthcoming with information.

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. And Stockmann continues in Lindex’s place in Helsinki? Santa Claus is unlikely to bring new solutions or buyers for Stockmann.

Recommend this (paid) article Riku Lyly ja ennakkoluuloton uusi Stockmann

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 are full-price pajamas that seem to be selling like hotcakes, as well as Female Engineering’s underwear (these are, in my opinion, an important product/brand because they are something more than traditional competition with H&M and others. Big potential in Femtech). Regarding Stockmann, there’s news that Finns’ Christmas gift budget has grown from last year, after all, Finns have money sitting in their accounts. With these feelings, I’m holding onto my shares for now, even though, frankly, I don’t expect much from the strategic assessment.

Talouselämä – 15 Nov 25              Osta ja pidä -strategiassa täytyy myös myydä osakkeita – Kim Lindström:...    Sijoittajille suositellaan osta ja pidä -strategiaa. Konkarisijoittaja Kim Lindström ja pankkien asiantuntijat kertovat, missä tilanteissa strategiaa noudattavien kannattaa harkita osakkeiden myyntiä.                             Quote from Kauppalehti headline. The article mentions Lindex and Stokmann department stores. From the text: “Lindex will leave the portfolio as soon as the department store side is resolved.” Many investors probably think the same. Will there then be buyers for Lindex shares, which are presumably more expensive? I, and apparently many other investors, are waiting for Stokmann’s solution and a rise in the share price. Will many shares be put up for sale? Is the situation then “oversold or overbought”? Will the “multiples calculated solely on Lindex’s earnings” materialize? Or does the change/realization require Lindex to be listed on the Swedish stock exchange? The waiting time is long, in this case as well.

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 in a completely different way than they are today, so they have really managed to create a different consumer trust than before, something that Lindex might also be able to do and benefit from.

Lindex Group

We expect Lindex's result to fall from the exceptionally high level in recent years and department stores to remain clearly cash flow negative in coming years, resulting in a cash-adjusted P...

<p>We expect Lindex's result to fall from the exceptionally high level in recent years and department stores to remain clearly cash flow negative in coming years, resulting in a cash-adjusted P/E of about 12x in 2023-24. We believe this is a neutral level and do not expect significant earnings growth even in the medium term. Lindex's large logistics investment in 2022-23 will reduce the company's net cash and we do not expect dividends for the next few years. </p> 

Stockmann (Initiation of Coverage): Department stores still a source of grief

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