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Extensive research

Stockmann: Structural change main topic next year

By Rauli JuvaAnalyst
Lindex Group
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We still see potential in the stock, supported by the structural arrangement that is likely to progress next year. We raised our forecasts slightly in this report, mainly due to the stronger SEK.

Lindex Group

2.72EUR18.12.2023, 18.00
3.10EURTarget price
Accumulate
Changed from:Accumulate
Recommendation updated:19.12.2023

Lindex Group operates in the retail industry. The Group manages a number of stores around larger shopping centers and commercial premises located in the Nordic market. The Group is a reseller of several brands and the range consists of shoes and associated accessories. The company is headquartered in Helsinki.

Read more on company page

Key Estimate Figures19.12.2023

202223e24e
Revenue981.7951.9975.1
growth-%9.2 %-3.0 %2.4 %
EBIT (adj.)79.882.372.0
EBIT-% (adj.)8.1 %8.6 %7.4 %
EPS (adj.)0.320.220.20
Dividend0.000.000.00
Dividend %
P/E (adj.)6.113.314.3
EV/EBITDA3.05.35.4
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