Latest news with #Stockmann


Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
Finland's Lindex Group's Q2 revenue rises 0.9%, maintains outlook
Finnish retailer Lindex Group has reported a modest 0.9 per cent year-over-year (YoY) revenue increase to €253.9 million (~$297.06 million) in the second quarter (Q2) ending June 30, 2025, despite persistent market headwinds and a price-sensitive consumer landscape. However, the gross margin of the group declined to 58 per cent from 60 per cent, primarily due to increased promotional activity in a price-sensitive market environment. The adjusted operating result declined to €22.2 million, as the Lindex division's margin weakened. Nonetheless, the overall operating result increased to €25.5 million and net profit improved to €13.1 million from €7 million. The digital revenue share increased to 18.7 per cent, compared to 17.2 per cent in the prior-year quarter. Lindex Group has reported a 0.9 per cent Q2 revenue rise to €253.9 million (~$297.06 million), despite market headwinds. The gross margin dropped to 58 per cent, and adjusted operating result declined, though net profit rose to €13.1 million (~$15.33 million). H1 revenue fell 1 per cent. The group is set to exit restructuring in Q3 and reaffirmed its 2025 outlook citing improving consumer confidence. In Q2, the Lindex division posted a 1.5 per cent revenue increase to €172.3 million, while Stockmann's revenue remained stable at €81.7 million. However, Stockmann's adjusted operating result improved to €0.2 million, reflecting effective cost controls. The group's operating result increased to €25.5 million from €20.3 million, and net profit rose to €13.1 million from €7 million. Basic and diluted earnings per share improved to €0.08 from €0.04. Meanwhile, in the first half (H1) of 2025, the group reported a revenue of €439.9 million (~$514.68 million), down 1 per cent YoY and 1.2 per cent in local currencies. 'In the second quarter, Lindex Group succeeded to grow in a difficult market as both divisions over-performed the overall fashion market development in our biggest home markets,' said Susanne Ehnbage, chief executive officer (CEO) at Lindex Group. 'I am pleased with the digital revenue growth of both divisions as it strengthens Lindex's and Stockmann's strategic omnichannel approach. The Lindex division's digital revenue increased by a double-digit percentage and the share of Stockmann's digital sales of the total revenue continued to grow as well. The amount of active loyal customers increased in both divisions.' In H1, the Lindex division's revenue declined slightly to €298.6 million, while the Stockmann division's revenue fell to €141.5 million. The gross margin eased to 57.8 per cent from 58.4 per cent. The adjusted operating result dropped to €13.5 million from €23 million, with Lindex's result decreasing to €22.5 million and Stockmann's improving to -€7.1 million from -€10 million. Despite the lower adjusted figures, the group's overall operating result rose to €15.9 million from €12.7 million. The net result stood at -€7.1 million, compared to -€8.4 million in the same period last year, while basic and diluted earnings per share were -€0.04, an improvement from -€0.05. The group is in the final stages of concluding its corporate restructuring programme, with completion expected in the third quarter (Q3) of 2025. The Helsinki District Court has approved an amendment to the restructuring plan. Strategic options for the Stockmann department store business—ranging from increased independence to potential ownership changes—are under continued evaluation, with outcomes expected later in the year, Lindex Group said in a press release. It also reaffirmed its sustainability goals, targeting a 42 per cent reduction in greenhouse gas emissions by 2030, validated by the Science Based Targets initiative. Lindex Group maintained its full-year guidance, forecasting a revenue rise of 0–4 per cent in local currencies and an adjusted operating result between €70–90 million (~$81.90-105.30 million). It anticipates a continued market volatility in 2025 due to geopolitical uncertainty and global trade risks. While lower interest rates and easing inflation offer some relief, GDP growth remains moderate. Improving consumer confidence and rising household purchasing power may support stronger demand later in the year, though market conditions and supply chain disruptions may still vary by region. 'The start of the year was challenging; however, we see a gradual improvement in consumer confidence and maintain our full-year guidance. It is an important milestone for us that the group is finally about to complete the corporate restructuring programme,' added Ehnbage. Fibre2Fashion News Desk (SG)

Associated Press
16-06-2025
- Associated Press
Top Omaha Drug Lawyer Spotlights Alarming Warrantless Surveillance On I-80 After Drug Possession Bust
Omaha, NE Criminal Defense Lawyer Exposes Dangerous Warrantless Surveillance On I-80 Revealed After 30-Pound Carfentanil Drug Bust 'If a cop can run your plate through a national network and see your movements without a warrant, that's a dangerous precedent. It doesn't just affect suspected drug traffickers. It affects everyone.'— Criminal Defense Attorney Daniel Stockmann OMAHA, NE, UNITED STATES, June 16, 2025 / / -- After the recent seizure in Omaha, NE of 30 pounds of carfentanil, a synthetic opioid estimated to be 100 times stronger than fentanyl, Omaha-based drug charges lawyer, Daniel Stockmann, is sounding the alarm about the basis on which this arrest may have been made. While officials are touting the bust as a major success, Stockmann is urging the public to pay closer attention to the surveillance technologies being used behind the scenes by law enforcement. As reported by KETV NewsWatch 7 on May 21, 2025, Nebraska State Patrol officers, along with local and federal partners, stopped a vehicle near Seward, NE and uncovered the unprecedented carfentanil stash during what they claimed was a routine traffic stop. Authorities said the amount of the confiscated drug could potentially harm millions of people. Top Omaha, NE, interstate drug trafficking lawyer Daniel Stockmann, argues that the benefits of such a drug possession bust do not outweigh the growing threat of law enforcement's pervasive and rapidly-expanding omnipotence through the use of new technological advancements. Instead, he's raising alarms over potential Constitutional rights infringements leading to such arrests, particularly regarding the increasing use of Automated License Plate Readers (ALPRs). These scanners quietly track vehicles' movements, compiling massive amounts of data, often without a warrant and with little public scrutiny. 'ALPRs make everyone a suspect by default,' Stockmann said. 'They collect where you go in your car, when you go, and how often. That's continual public surveillance without consent - and without judicial oversight.' The concern is growing nationwide. A recent investigation by 404 Media uncovered that a law enforcement official utilized a nationwide license plate scanner network to track a woman's vehicle as she crossed state lines while seeking medical treatment. While that case dealt with a controversial medical procedure, Stockmann stresses that the implications of the incident are much more dire. 'This Automated License Plate Readers technology is being framed as a tool for crime prevention, but in practice, it's enabling widespread government surveillance which could then be used to initiate unlawful drug arrests on I-80,' he said. He added that these tools are being quietly integrated into drug interdiction efforts along key corridors like Interstate 80, often without drivers knowing their data is being collected, or how it might be used. 'If a cop can run your plate through a national network and see your movements without a warrant, that's a dangerous precedent,' Stockmann warned. 'It doesn't just affect suspected drug traffickers. It affects everyone.' These concerns are not new for well-known Omaha drug defense attorney Stockmann. For years, he has urged a closer look at how traffic stops are conducted along I-80. He's pointed to patterns that suggest out-of-state drivers are being targeted, particularly near areas like Lincoln and Seward. Stockmann has spent over 15 years challenging drug-related traffic stops on I-80 and has long maintained that out-of-state drivers and minority motorists are disproportionately targeted. He previously issued statements highlighting racial profiling and vague reasons for initiating vehicle searches. 'This isn't just about one drug bust. It's about the bigger picture; where we're heading as a society if we don't draw a clear line between legitimate law enforcement and unconstitutional overreach,' Stockmann said. 'Constitutional rights still matter, even on the highway.' Daniel Stockmann Nebraska Interstate Drug Defense +1 402-884-1031 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.


Fashion Network
29-04-2025
- Business
- Fashion Network
Q1 is tough for Lindex Group as fashion sales weaken
Lindex Group said Tuesday that its first quarter was impacted by 'weakened consumer confidence and logistical challenges', although the Stockmann division's adjusted operating result improved. The Finnish company owns the international Lindex brand and the Finland/Baltics-focused Stockmann department stores chain. The first three months of 2025 saw revenue falling to €186 million from €192.8 million, a decline of 3% in local currencies. Despite the Lindex division having been a stronger performer in recent periods, in the latest quarter the revenue of both divisions was dented by lower consumer confidence 'and continued fashion market volatility'. And like all companies, it faced one particular challenge this year with the first quarter of last year having had an extra trading day due to it being a leap year. What did all this mean in numbers? Lindex division revenue fell to €126.3 million from €130.6 million. That was a 3.3% overall decline and 2.5% in local currencies. It was partly affected by temporary supply delays related to the extensive ramp-up process of the new omnichannel distribution centre. The Stockmann division's revenue fell by 3.9% to €59.8 million from €62.2 million, mainly due to a decrease in fashion category sales. While the group's gross margin improved to 57.4% from 56.3%, its adjusted operating result fell to a loss of €8.7 million, which was wider than the loss of €6.5 million in the previous year's Q1. The Lindex division's adjusted operating result was a loss of €0.3 million from a profit of €4.2 million in the previous year, due to the decrease in revenue and higher operating costs. Yet Stockmann's adjusted operating result improved. That said, it remained loss-making on this basis, the figure narrowing to a loss of €7.3 million from one of €9.4 million 'due to successful cost efficiency measures'. The overall operating loss widened to €9.5 million from a loss of €7.6 million the year before and the net loss also widened to €20.2 million from €15.4 million. For this year as a whole, Lindex Group expects its revenue to increase by anywhere from 0% to 4% in local currencies compared to 2024. The Group's adjusted operating result is estimated to be positive, in a range of €70 million-€90 million. The company said the macroeconomic situation in its main markets is estimated to remain challenging, especially during the first half of the year. Continuing geopolitical uncertainty, together with the increased risks for global trade disturbances, 'may have a negative impact on the economic recovery'. But there remain a lot of unknowns about the rest of 2025. It said that towards the latter part of the year, economic growth might accelerate if interest rates continue to decline and inflation remains stable. Increasing purchasing power of households may gradually start supporting favourable development of consumer demand. However, the situation may vary between the group's markets. Disruptions in supply chains and international logistics during the year can also not be excluded. CEO Susanne Ehnbåge said that in Q1, it 'made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company'. In the Lindex division, it 'continued the extensive ramp-up and transition phase of the new omnichannel distribution centre which enables us to execute our long-term growth plans and future-proof our logistics operations. In addition, the important digital transformation efforts of the Lindex division progressed well with ongoing enhancements of customer-facing touchpoints and enhanced internal capabilities. The number of active customers increased for both divisions, and the Lindex division continued to expand its international presence by, for example, launching a new Lindex Kids store in London'. In the Stockmann division, the efforts to improve operational and organisational efficiency 'paid off and the division's first quarter result improved, marking the fourth consecutive quarter of improvement'. It also continued developing Stockmann's strategic omnichannel approach, 'making the interaction of digital and physical channels as seamless as possible for our customers. We entered new concession partnerships to complement and elevate our own offering with new unique products, services and experiences'.


Fashion Network
29-04-2025
- Business
- Fashion Network
Q1 is tough for Lindex Group as fashion sales weaken
Lindex Group said Tuesday that its first quarter was impacted by 'weakened consumer confidence and logistical challenges', although the Stockmann division's adjusted operating result improved. The Finnish company owns the international Lindex brand and the Finland/Baltics-focused Stockmann department stores chain. The first three months of 2025 saw revenue falling to €186 million from €192.8 million, a decline of 3% in local currencies. Despite the Lindex division having been a stronger performer in recent periods, in the latest quarter the revenue of both divisions was dented by lower consumer confidence 'and continued fashion market volatility'. And like all companies, it faced one particular challenge this year with the first quarter of last year having had an extra trading day due to it being a leap year. What did all this mean in numbers? Lindex division revenue fell to €126.3 million from €130.6 million. That was a 3.3% overall decline and 2.5% in local currencies. It was partly affected by temporary supply delays related to the extensive ramp-up process of the new omnichannel distribution centre. The Stockmann division's revenue fell by 3.9% to €59.8 million from €62.2 million, mainly due to a decrease in fashion category sales. While the group's gross margin improved to 57.4% from 56.3%, its adjusted operating result fell to a loss of €8.7 million, which was wider than the loss of €6.5 million in the previous year's Q1. The Lindex division's adjusted operating result was a loss of €0.3 million from a profit of €4.2 million in the previous year, due to the decrease in revenue and higher operating costs. Yet Stockmann's adjusted operating result improved. That said, it remained loss-making on this basis, the figure narrowing to a loss of €7.3 million from one of €9.4 million 'due to successful cost efficiency measures'. The overall operating loss widened to €9.5 million from a loss of €7.6 million the year before and the net loss also widened to €20.2 million from €15.4 million. For this year as a whole, Lindex Group expects its revenue to increase by anywhere from 0% to 4% in local currencies compared to 2024. The Group's adjusted operating result is estimated to be positive, in a range of €70 million-€90 million. The company said the macroeconomic situation in its main markets is estimated to remain challenging, especially during the first half of the year. Continuing geopolitical uncertainty, together with the increased risks for global trade disturbances, 'may have a negative impact on the economic recovery'. But there remain a lot of unknowns about the rest of 2025. It said that towards the latter part of the year, economic growth might accelerate if interest rates continue to decline and inflation remains stable. Increasing purchasing power of households may gradually start supporting favourable development of consumer demand. However, the situation may vary between the group's markets. Disruptions in supply chains and international logistics during the year can also not be excluded. CEO Susanne Ehnbåge said that in Q1, it 'made good progress in executing the strategic initiatives to accelerate the future growth and value creation of the company'. In the Lindex division, it 'continued the extensive ramp-up and transition phase of the new omnichannel distribution centre which enables us to execute our long-term growth plans and future-proof our logistics operations. In addition, the important digital transformation efforts of the Lindex division progressed well with ongoing enhancements of customer-facing touchpoints and enhanced internal capabilities. The number of active customers increased for both divisions, and the Lindex division continued to expand its international presence by, for example, launching a new Lindex Kids store in London'. In the Stockmann division, the efforts to improve operational and organisational efficiency 'paid off and the division's first quarter result improved, marking the fourth consecutive quarter of improvement'. It also continued developing Stockmann's strategic omnichannel approach, 'making the interaction of digital and physical channels as seamless as possible for our customers. We entered new concession partnerships to complement and elevate our own offering with new unique products, services and experiences'.