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
    }
  }
}


lindex-group-strong-performance-on-the-swedish-clothing-market-in-august

__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.

Speaking from experience, it’s not worth paying attention to checkout lines this close to Christmas. Most of the cost burden is present for 98% of the rest of the year too, when there aren’t such large crowds. Lindex Oyj announced its name change at the end of 2023, which is when the stock started breaking away from that roughly €2 valuation. Since then, Lindex’s earnings performance has remained steady and Stockmann’s (Stocka’s) has slightly improved, though the improvement has been a disappointment—at least for me—considering that we’ve moved past the general COVID slump and the energy crisis.

This comment by Lucas was likely written more with Björn Borg in mind, but it might be of interest in this thread as well.  Preliminary sales figures for the Swedish clothing market through December 16th fell by 8.4%. Although we believe the figures were quite weak, the period is fairly short, so it could be affected by several factors, such as the timing of Black Week sales.                   Inderes              Ruotsin vaatemarkkina laski joulukuun alussa - Inderes    Ruotsin vaatemarkkinan alustavat joulukuun myyntiluvut laskivat 8,4 % joulukuun 16. päivään mennessä. Vaikka uskomme lukujen olleen suhteellisen heikkoja, ajanjakso on melko lyhyt, joten siihen voivat vaikuttaa useat tekijät, kuten Black Week...

In my own portfolio, units of at least the following companies have been up for sale: KH-group - Indoor, Wärtsilä - Energy Storage, Tieto - Tech Services. What they have in common is that if they have sold recently, they have had to sell at an undervalue. The share prices of all of them have reacted negatively in the short term to both decisions, whether they sold or decided not to. In Stockmann’s case, selling at an undervalue would have been a certainty. So, regarding the giving away of owners’ money just for the short-sighted returns sought by some investors—it is good that they are now selling in disappointment and exiting as shareholders, allowing the company to continue its long-term development work. Stockmann is not in such a weak position that it would be forced to make a bad decision for the owners. Revenue and the online store’s 1.4 million customers provide an opportunity to increase value significantly if the right moves are made. While it has been up for sale, radical changes could not be made because no one buys a loss-making retail chain in the middle of major changes; it is too risky. The situation is that if the retail chain’s value is very low or negative, even a moderate increase in value brings significant leverage to the value of the investors’ holdings. The separation is likely timed precisely for the moment it turns profitable, as there was a risk that the market would not appreciate it under the current group structure; as a separate entity, its value can be made reliably visible. Could this Christmas’s sales be enough, now that consumers have finally dared to open their wallets—which have been kept tightly shut lately—for the holiday season?

Things looked good at the Stockmann in Jumbo, as the checkout lines were really long. In my opinion, the speculation by a few users here about the weakness of Christmas sales is not fully justified.

I can’t judge whether the rent level of the city center department store is normal or high, but I believe it has been noted here before that the city center store is profitable. And while all individual department stores may be profitable on their own, other costs such as administration and division overheads drag the overall result into the red. Department stores and Stockmann have the potential to run a profitable business from a gross margin (44%) perspective. Personally, I feel that a clear challenge in the department store business is the high personnel costs relative to revenue. Department stores require a certain minimum number of sales staff, as they are a central part of the customer experience. This is where department stores differ from many other retail concepts. Last year, Susanne stated in an interview with Arvopaperi magazine that “At Stockmann, our medium-term goal is a five percent operating profit margin, and that is what we are aiming for. But of course, it’s no easy task.” Of course, it would be nice if rents could be lowered, but I suppose that’s just utopian wishful thinking. My own view is that for Stockmann, the savings have already been achieved, and now the focus should be on increasing revenue. It would be interesting to consider how much more revenue Stockmann would need, and from where and how it would come.

I think that from Keva’s perspective, it’s really important to keep Stockmann as a tenant in that property. It’s hard to imagine any other party wanting it, and that wouldn’t be good for Keva.

Quote below from AI regarding the “sale and leaseback” of the Stokka property. I wonder if that “rent level” would be renegotiable. What then is the share of other rental spaces used by Stokka? I don’t believe the solution will be found in the rents. Stokka needs to be made profitable one way or another. It has been continuously moving in the right direction. Spinning off Stokka won’t improve profitability. So, resources must still be put into improving profitability. It will be interesting to hear what Director Susanne says about this in connection with Q4. Susanne Q3 Quote The Stockmann division’s revenue was EUR 62.4 (62.9) million and the adjusted operating result improved to EUR -2.6 (-4.5) million. I am very pleased with the Stockmann division’s third-quarter earnings improvement, which was the sixth consecutive improvement. The Stockmann division’s rolling 12-month adjusted operating result, EUR 0.9 million, was also the division’s first positive rolling 12-month result in many years. The team’s hard work to advance Stockmann’s strategic goals yielded results, as operational efficiency and cost-efficiency measures improved the division’s profitability. AI: Briefly: Stockmann sold its Helsinki city center department store property (Aleksanterinkatu) to the pension insurer Keva in 2022 and continues its operations in the property under a long-term leaseback agreement. Roschier +1  Rent level information The actual rent level (internal euro-denominated rent) has not been publicly disclosed in press releases or the media – the exact rent level of the agreement between Stockmann and Keva in euros per square meter / per year or as total rent has not been publicly released. However, the estimated net yield of approximately 4.2% associated with the transaction provides an indication of rent levels based on the market: net yield means that annual rental income, net of expenses, relative to the purchase price (≈ €400 M) is approximately 4.2%. Helsinki Times For example, 4.2% * €400 M ≈ €16.8 M in annual net rental yield. This is not the direct rent amount, but it serves as an indicative calculation of the property’s expected return under a market-based agreement.  In practice, the detailed rent amount (€/m²) and all contract terms are usually trade secrets and are only published in the parties’ internal reports or IFRS financial statements, not widely in the media or company announcements. Stockmann has not separately disclosed the euro amount of the rent to the public.

Lindex Group

The August figures for the Swedish clothing market were published this morning. According to Svensk Handel, sales were up 6% from last year. Market development has been clearly positive during the summer months. 

<h3 class="MsoNormal">Development of the Swedish clothing market</h3>
<img src="https://content.inderes.se/assets/2652197b-48ee-4b6f-913c-5b93634677eb.png?width=1326&amp;height=943" alt="Swedish Clothing Market August">
Source: Svensk Handel *Inderes&#x2019; estimate
Translation: Original published in Finnish on 9/15/2025 at 8:31 am EEST.
The August figures for the Swedish clothing market were published this morning. According to Svensk Handel, sales were up 6% from last year. Market development has been clearly positive during the summer months. The market is also growing for the full year, according to our assessment.
<h2 class="MsoNormal">Sweden accounts for more than half of the Lindex chain&#x2019;s sales</h2>
Sweden is Lindex&apos;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 Q3&apos;25 revenue forecast for the Lindex segment is approximately 3% growth in local currencies. The company stated in connection with its Q2 results that it expects demand to pick up in the latter part of the year. In July-August, the Swedish market grew by approximately 5%, meaning that the development so far is somewhat better than our forecasts. The development of SEK and NOK, which together account for around 70% of the Lindex segment&#x2019;s sales, also affects the company&#x2019;s figures. The FX impact is currently seen as slightly positive for the rest of the year. For the entire Group, Lindex has guided for 0-4% growth in local currencies this year, while H1 development was still -1%.

Lindex Group: Strong performance on the Swedish clothing market in August

Development of the Swedish clothing market

Sweden accounts for more than half of the Lindex chain’s sales

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