Lindex Group, the Nordic womenswear and department stores owner, reported its latest results on Friday and they showed its revenue and adjusted operating result improving in Q4. In the October to December period, revenue rose 4% to €284.7mn, which was also a rise of 2.7% in local currencies. The Lindex womenswear division’s revenue rose 7.6% to €181.9mn, up 5.3% in local currencies but the Stockmann department stores division’s revenue dropped 1.6% to €102.9mn, although it grew in comparable terms. The group’s gross margin rose to 59.1% from 58.1% and the adjusted operating result increased to €39.4mn from €36.1mn. On a divisional basis, Lindex’s adjusted operating result rose to €29.4mn from €26.8mn due to improved gross profit, although increased operating costs and depreciations affected the result.

Its Stockmann division’s adjusted operating result also improved to €10.8mn from €10.5mn, mainly driven by cost efficiency measures. On a reported basis, operating profit rose to €33.8mn from €33.1mn, while net profit jumped to €29.6mn from €19.8mn, due to the improvement in the operating result and lower tax expenses. Q4 was clearly good news for the business after a year in which the company had been through a restructuring program. For 2026, the group expects its revenue to grow in local currencies compared to 2025 with adjusted operating profit estimated to be between €70mn and €95mn. Lindex Group Susanne Ehnbåge said: ‘Stockmann’s Q4 marked the seventh consecutive quarter of result improvement. I’m especially pleased that both divisions were able to grow their digital business. Lindex’s revenue from digital channels increased by 15%, while Stockmann’s digital sales increased by 5%, supporting the divisions’ strategic targets to enhance digital commerce as the driver of its omnichannel performance.’