lindex group’s outlook

Published on 25 October 2024:

Guidance for 2024 (specified on 25 October 2024)
Lindex Group has specified its guidance within the range based on the January–September 2024 performance.

Specified guidance for 2024:
In 2024, Lindex Group expects its revenue in local currencies to be in the range of -2% to +0% compared to 2023. The Group’s adjusted operating result is estimated to be EUR 70–80 million. Foreign exchange rate fluctuations may have a significant effect on the adjusted operating result.

Guidance for 2024 (published on 15 July 2024):
In 2024, Lindex Group expects its revenue in local currencies to be in the range of
-2% to +2% compared to 2023. The Group’s adjusted operating result is estimated to be
EUR 70–90 million. Foreign exchange rate fluctuations may have a significant effect on the adjusted operating result.

Market outlook for 2024:
The market environment in 2024 is expected to remain challenging. The macroeconomic situation in Europe remains uncertain due to the continuing geopolitical instability. High interest rates and inflation are holding back economic growth, and the retail sector may be affected by lower consumer demand. Inflation is forecasted to continue declining from high to targeted levels. Forecasts are indicating a stagnant GDP (Gross Domestic Product) development or slow growth in the company’s key markets. The situation may vary between the Group’s markets. Disruptions in supply chains and international logistics during the year cannot be excluded either.