Lindex’s operating result for the first half of 2019 increased by 30 MSEK and amounted to 65 MSEK (35 MSEK). Operating result for the second quarter remains at the high level achieved in the same period last year, amounting to 197 MSEK (197 MSEK).
”We have continued to follow our targeted approach and have delivered a strong result with good cost control”, says CEO Susanne Ehnbåge.
Lindex’s total sales in SEK during the first half of the year were at the same level as in the corresponding period of the previous year, but decreased by 1.3 percent in local currencies. The sales for the second quarter decreased by 3.2 percent in SEK and by 4.1 percent in local currencies.
“Along with the rest of the industry, we were impacted by a cold spring. We also saw a calendar effect caused by Easter. However, we have increased our average purchase and improved our margin by reducing our markdowns. This shows that we have strengthened our commercial fashion offer and are successfully meeting the needs of our customers”, says Susanne Ehnbåge.
Lindex shows a better sales growth than the market for its largest sales countries, Sweden and Norway. The fashion company maintained its strong performance online with increased sales in the first half of the year of 29.6 percent and by 23.2 percent in the second quarter.
“We are now facing an exciting autumn and I am very optimistic about what lies ahead. We have huge ambitions for our global growth, both through our stores and e-commerce, but also alongside more exciting partners and collaborations. Our success is based on how we create value and exceed customer expectations”, says Susanne Ehnbåge.