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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... 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
      researchContentUrl
    }
    ... 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
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      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

changedAt

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.

Maybe I’m nitpicking one post too much, but it shouldn’t be the case that a company needs “help.” It must be that the company’s brand, products, location, or something else is just so strong that it has pricing power. If you shop at Stockmann just because you want it to stay in business, then we are inevitably on the wrong path. For my taste, it’s too quiet around the company again.

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 sheet metal hall, then the restructuring is completed, but there are bonds that prevent the distribution of funds. The department store side is not suitable for an industrial buyer, and the ownership is somehow parked next to an art fund. Next, the Lindex side will probably falter. Meanwhile, do visit the Crazy Days in department stores or online.  Even a little help is help! Stockmann - Crazy Days April 8–12, 2026 Stockmann - Hullut Päivät 8.–12.4.2026

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. Lindex mentioned the demerger in its December release, stating it “would be the best strategic way forward…”   So, we’ll have to wait for it. When there’s information to disclose, they’ll disclose it. “The company will publish additional information when it is timely.” So, there are no more schedules. Considering the global situation, this sounds reasonable. The decline in the stock price is likely due to many factors, but the most significant is probably the “vague future.” Whoever still believes in the value of about four euros, as once thought, can get Lindex at a discount at the current price.   Ongoing Disclosure: According to the Securities Market Act, a listed company must immediately disclose all information (stock exchange releases) that is likely to have a material effect on the value of the share. This ensures that all investors have access to the same information simultaneously.   LINDEX GROUP Plc, Other information to be disclosed under stock exchange rules, December 19, 2025, 8:30 a.m. EET Lindex Group Comments on Progress of Strategic Assessment of Department Store Business As part of its ongoing strategic assessment, the Lindex Group has extensively explored strategic alternatives for Stockmann’s department store business. In connection with the assessment, the company’s Board of Directors has concluded that separating the department store business would be the best strategic way forward and has consequently investigated various options for implementing the separation. Although the profitability of the department store business has improved during 2025, the cash flow of the department store business remains negative, and it involves significant lease liabilities. This affects the feasibility of all considered options and their potential outcome. The Board of Directors continues to assess strategic alternatives for the department store business and remains committed to finding the best possible long-term solution for the business and shareholders. The company will publish additional information when it is timely.

Some kind of interim report on this was published last December, stating that the board believes separating the department stores is the best strategic approach. Sari Pohjonen also mentioned this in her opening remarks.                   Inderes              Lindex Group Oyj: Lindex-konserni kommentoi tavarataloliiketoiminnan...    LINDEX GROUP Oyj, Muut pörssin sääntöjen nojalla julkistettavat tiedot, 19.12.2025 klo 8.30 EET Lindex-konserni kommentoi tavarataloliiketoiminnan strategisen arvioinnin edistymistä Osana kä...                             And thanks for the thanks

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 next, presumably they are communicated with, and others just follow along.  Interesting.  Which parties discussed this? What was the timeline, and was it thought there would be readiness for it in the near future? If some preconditions needed to be created, what would they be? Did the discussion produce any concrete steps on how to proceed?  Thank you very much for the overview

I just don’t understand why Lindex continues with this absolutely terrible communication towards its owners… It somehow feels like we’re just a burden and don’t understand anything.

Yesterday, the Lindex annual general meeting was held. Initially, I planned not to write anything, but feeling quite energetic this morning, I’ll allow myself a few words. Perhaps the most interesting point was when the dividend taps would open. The Chair of the Board, Sari Pohjonen, immediately stated in her opening remarks that the secured bonds from 2021 prevent dividend payment, but she did not mention that they mature this year. When asked later during the discussion section whether redeeming them this year would enable dividend payment later in the autumn, the response was a blunt “this (referring to the Board’s proposal not to pay dividends) is our proposal,” essentially an attempt to cut the discussion short. She did, however, confirm that they mature this year. Support came from another shareholder who asked if there were reasons other than the bonds for not paying dividends. The answer was easy to guess: “this is our proposal” . It looks very much like Lindex’s Chair of the Board lacks the competence to engage in discussion with shareholders at the AGM. A mere CFO background (she did serve as interim CEO at Fiskars, but her work as Oriola’s CFO was not convincing) is not necessarily the best background for chairing a nearly 400 million stock exchange company; it might be a compromise to prevent the Konstsamfundet alliance from wielding the chairman’s gavel. It was also notable that the new board member, Matti Piri, did not bother to introduce himself to the annual general meeting with a few words, contrary to common practice. He did at least get up from his chair and turned to nod to the meeting representatives. All the above speaks volumes about the conservatism of the company’s board; they are stuck in the last century. As late as the 2010s, Konstsamfundet struggled with other major owners for control of the company, and I am not convinced that there isn’t still infighting on the board due to differing interests, even though, after postponements, a unanimous decision was finally reached that separating the department stores would be the most value-creating solution. CEO Susan Ehnbågen’s review was a recap of old news; weak consumer confidence remains the core problem affecting the entire retail sector. Credit is due to the CEO for shaking hands with all the meeting representatives at the door of the meeting hall. In general, she makes a dynamic impression, a stark contrast to the board. The refreshments after the meeting were good; there seemed to be four kinds of sweet and savory snacks with coffee. Unfortunately, I had to rush to Espoo for DeeTee’s AGM and couldn’t stay long to discuss with other shareholders and, ideally, the company’s management.

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

Login required

Forum discussions