Business continuity, risks and uncertainties

Lindex Group’s Half-year Financial Report 2024, published on 19 July 2024

Lindex Group is exposed to risks that arise from the operating environment, risks related to the company’s own operations and supply chain as well as financial risks. The Group’s key risks are related to the macroeconomic situation and its possible negative effects on consumer behaviour as well as currency exchange rate fluctuations. As the Group’s supply chain is global, unexpected logistics problems could increase freight costs and lead times. In addition, Lindex Group’s business is affected by normal, seasonal fluctuations during the year. More detailed information on Lindex Group’s risks is given in the Financial Review 2023 at https://report.stockmanngroup.com/year2023/.

Lindex Group plc’s restructuring programme is proceeding according to plan, which means that all of Stockmann’s department store properties have been sold and all interest-bearing debt has been paid except for a bond of EUR 73.1 million. At the end of June, there was one remaining disputed claim regarding the termination of a lease agreement that must be settled before the restructuring process can end.

Risk management in the lindex Group

The goal of risk management is to secure the Group’s earnings development and to ensure that the company operates without any disturbances by controlling risks in a cost efficient and systematic manner in all divisions.