Stockmann: Positive news expected

By Rauli Juva
Stockmann’s Q3 result was slightly below our expectations and the comparison period, explained by the timing of the Crazy Days campaign. Lindex exceeded both the comparison period and our expectations. The company repeated its full-year guidance and our forecast changes were small. We expect several positive news from the company over the next 12 months and, given the potential of the restructuring, we believe that the share is cheap.