CEO’s review
CEO Susanne Ehnbåge, Lindex Group’s Interim Report Q3 2026, published on 22 October 2026.
I am pleased with Lindex Group’s performance in the third quarter, with broad-based revenue growth and a strong improvement in profitability. Group revenue increased by 6.1% to EUR 241.5 million, with both divisions contributing to growth across all categories. This is a positive, particularly considering the varying and partly fragile consumer sentiment across our key markets.
The Group’s adjusted operating result increased to EUR 24.1 (16.6) million. The improvement was seen across all categories in both divisions and benefited from gross margin improvements. The development reflects continued progress as the divisions advanced their strategic priorities.
Alongside delivering the quarter, we continued to strengthen the foundations for future profitable growth. In Lindex, we are broadening our reach across channels and markets, further developing the digital and partnership capabilities and continuing the expansion in Denmark. After the reporting period, we opened our third store in Denmark, Aarhus, with a fourth store planned for the first half of 2027.
The optimisation of Lindex’s new omnichannel distribution centre continued according to plan. Our focus is on realising the long-term value of this investment through improved efficiency, cost savings and increased capacity to support future growth.
Stockmann continued to make progress across its strategic priorities, strengthening its loyal customer base, brand offering and omnichannel capabilities. Revenue developed positively throughout the quarter, with growth recorded in each month. The Crazy Days campaign, which was mainly held after the reporting period, also contributed positively to revenue development.
Financial discipline remains an important priority for the Group. After the first nine months of the year, the Group financial position has improved from the comparison period, with cash and cash equivalents exceeding interest-bearing debt.
Based on our performance to date and our current outlook for the remainder of the year, we have specified our guidance for 2026. Lindex Group expects revenue to grow in local currencies compared with 2025, and the Group’s adjusted operating result is estimated at EUR 75–90 million, subject to the impact of foreign exchange rate fluctuations.
As we enter the commercially important fourth quarter, our priorities remain clear: driving profitable growth, maintaining strong cost and inventory discipline, and continuing to execute our strategic agenda to strengthen the Group’s long-term competitiveness. Market conditions remain uncertain, but the progress we have made provides a solid foundation for moving forward.
I would like to thank our customers, shareholders and partners for their continued trust, and our employees for their commitment and contribution.
2026 . All rights reserved.