The gross gain of the company decreased to € 547.9 million (~ $ 564.5 mn) of € 554.2 million in 2023, while the gross margin remained stable at 58.3 percent (58.2 percent in 2023). The adjusted operational result fell to € 74.9 million, below € 80.0 million, with the adjusted operational margin that decreased to 8.0 percent of 8.4 percent, Lindex said in a press release.
Lindex Group's revenues decreased by 1.2 percent year -on -year to € 940.1 million (~ $ 968.6 million), with local monetary revenues by 1.3 percent. The net result fell to 13.2 million euros due to the lowest operating results and the largest taxes. Revenue in the fourth quarter fell 0.2 percent, while the net results doubled at € 19.8 million. Lindex expects income growth from 0 to 4 percent in full year 2025.
The company's capital expenditure decreased to € 45.7 million of € 65.1 million in 2023. The operational result also fell to € 60.9 million compared to € 76.5 million in the previous year, reducing the operational margin to 6.5 percent, from 8.0 percent in 2023 in 2023.
The net result abruptly fell to € 13.2 million compared to € 51.7 million in 2023, mainly due to the lowest operational results and increased tax expenses.
The profits per action (EPS) significantly decreased to € 0.08, from € 0.33, partly due to a greater number of actions. EPS adjusted stood at € 0.15, slightly lower than € 0.16 registered in 2023.
“In 2024, we continue our objective oriented to build a solid but scalable base for the future of the Lindex group. In line with our strategy, we want to be fit to capture new business opportunities, accelerate growth and improve value for our clients and shareholders. While we focus on serving and inspiring our customers with new collections and services, we achieved good and concrete progress in the strategic approach areas of the Lindex and Stockmann division. During the year, we complete several strategic development projects that allow our future success, ”he said Susanne Ehnbage, Executive Director (CEO) in Lindex Group.
RESULTS OF THE FOUR QUARTER (Fourth quarter)
The group reported an income of € 273.7 million in the fourth quarter of 2024, a slight decrease of 0.2 percent year -on -year. However, income in local currencies grew by 0.8 percent, which reflects some resistance in international markets. The digital participation of income increased to 18.9 percent from 17.3 percent, with digital revenues in local currencies that grew 8.7 percent, compared to 5.2 percent in the fourth quarter of 2023.
The company's gross profit increased to € 159.1 million (~ $ 164.3 million) of € 157.8 million, and the gross margin improved 58.1 percent of 57.5 percent. The adjusted operational result increased by 19.5 percent, reaching 36.1 million euros, while the adjusted operational margin increased to 13.2 percent from 11.0 percent. The operational result improved € 33.1 million € 28.9 million, which led to a higher operational margin of 12.1 percent compared to 10.5 percent in the same quarter last year.
The net result for the quarter doubled, increasing to 19.8 million euros of € 9.7 million, driven by a higher operational result and a decrease in fiscal expenses. The profits per action (EPS) improved € 0.12, compared to € 0.06 in the fourth quarter of 2023, while the adjusted EPS increased to € 0.14 of € 0.07.
Perspective 2025
By 2025, Lindex Group expects their income to increase by 0 to 4 percent in local currencies compared to 2024. The adjusted operational result of the group is estimated at € 70-90 million, and exchange rate fluctuations may have one significant effect on the adjusted operational result.
Fiber2Fashion News Desk (SG)
