The fashion company’s operating profit increased in the second quarter of 2018 by 56 per cent compared with previous year and amounted to 19.6 MEUR. A strong sales increase with higher gross margin, and a successful efficiency program, have contributed to the increase in profits.
During the year, Lindex has implemented changes and efforts to strengthen its competitiveness and increase profitability. This is now showing a positive effect, and the strong result reflects Lindex good growth, says CEO Susanne Ehnbåge.
A successful spring and summer collection, together with an inspiring spring campaign, resulted in good sales growth in all Lindex markets. In total, sales increased in the second quarter by 5.4 per cent in local currencies and by 4.5 per cent in comparable stores. Sales increased in the first six months by 1.1 per cent in local currencies and 0.3 per cent in comparable stores.
We have strengthened our commercial fashion offer, and the good sales performance in all Lindex markets is proof of this. Our online sales increased by a full 66 per cent in the second quarter, and our digital efforts are important for providing our customers an even more inspiring shopping experience. Now we face an exciting autumn, and I have a very positive outlook on everything ahead of us, Susanne Ehnbåge says.