What: Stockmann's revenue increased to EUR 81.9 million in Q2, up from EUR 75.8 million, due to the successful Crazy Days campaign.

Why it is important: Stockmann's growth contrasts with Lindex's decline, highlighting its pivotal role in stabilizing the Lindex Group's overall performance in a challenging market.

In Q2, Lindex Group reported stable overall revenue of EUR 251.6 million, a slight 0.2% decrease from the previous year. The Stockmann division showed a strong performance with a revenue increase to EUR 81.9 million, driven by the successful Crazy Days campaign and cost cuts. This improvement helped offset the underperformance of the Lindex division, which saw its revenue fall from EUR 176.2 million to EUR 169.7 million due to fewer store visitors in June. Despite these mixed results, the group's adjusted operating profit dropped to EUR 29.5 million from EUR 31.6 million. CEO Susanne Ehnbåge emphasized the ongoing strategic initiatives to enhance growth, including investments in digitalization and sustainability.

Stockmann shines amid Lindex Group's mixed Q2 performance