Logotype

Strong quarter for Lindex with sales growth and increased profitability

Today, Lindex presents its sales and result for the first quarter and reports a continued strong sales growth and increased profitability.

The fashion company increased its total sales in SEK during the first quarter with 4.2 percent and with 2.8 percent in local currencies. The sales increased in all business areas. The strong sales development online continued with an increase of 40.9 per cent for the quarter.

It has been an eventful spring with the launch of several new concepts and collections that have been well received by our customers. We continue our positive development and we have had a strong sales growth both in our physical stores and online. We have strengthened our margin through an increased share of full-price sales and reduced markdowns. We also have a well-balanced stock situation, with a lower stock than the previous year and a higher share of news, says CEO Susanne Ehnbåge.

Lindex’s operating result for the first quarter increased by 31 MSEK and amounted to -131 MSEK (-162 MSEK). The increase is an effect of Lindex’s sales growth with increased gross margin and continued good cost control.

Our strong result improvement reflects Lindex’s good growth and development. We have strengthened the profitability of our store network and we continue to grow digitally, both through our own channels and together with partners. We will also launch more exciting online collaborations ahead. Meeting our customer where she wants to be met and exceeding expectations builds our success as a globally strong brand,” says Susanne Ehnbåge.

Related images

PRM_Lindex Q1 2019.jpg

The news

Lindex invests in start-up – new underwear brand Closely

Lindex joins as partner in Closely, a new Swedish underwear brand for women. The partnership is part of Lindex's work to create new growth opportunities. Behind Closely are two of Sweden's best-known creatives, Tove Langseth and Filip Nilsson. 
November 15, 2019

Lindex’s customers raise 969 000 EUR to cancer research

With great commitment, pride and a specially designed collection, Lindex has together with its customers raised 969 000 EUR to cancer research.
November 12, 2019

Lindex recalls snap-on bracelet with a cat head

We have discovered that a snap-on bracelet with a cat head is incorrectly constructed and does not meet Lindex’s safety requirements. The metal component inside the bracelet is not properly protected which means that its sharp edges may pose a risk of injury. 
November 6, 2019

Lindex increases sales and maintains its strong result

Lindex is performing well, as indicated by its interim result and sales from the third quarter. The fashion company maintains its strong performance, demonstrating improved result and increased sales in all markets. 
October 30, 2019

Lindex in collaboration with Something Borrowed

Lindex starts renting out clothes and through their business Something Borrowed, they give their customers the opportunity to rent premium garments from the fashion company’s Extended collection.
October 24, 2019

Lindex launches new code of conduct with focus on gender equality

Lindex launches the ‘Lindex Code of Conduct’ with a strong focus on gender equality. The new code of conduct makes Lindex one of the first major fashion companies to integrate gender equality in its basic requirements for textile production and all business partnerships.
October 15, 2019

Read all news

Welcome to Lindex!
Lindex website uses cookies to provide the best possible user experience. If you continue without making any changes you allow this. Read more about cookies here