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Lindex posts best third quarter result

Lindex has posted its best ever third quarter result after seeing strong sales growth in all markets. The Swedish fashion retailer’s total sales in the period… View Article

FASHION

Lindex posts best third quarter result

Lindex has posted its best ever third quarter result after seeing strong sales growth in all markets.

The Swedish fashion retailer’s total sales in the period climbed by 13.5% in local currencies and by 13.3% in SEK. Compared with the same period 2019, sales increased by 12.4% in local currencies and by 9.7% in SEK.

Meanwhile, sales in physical stores increased by 7.4% compared with the same period last year and were on a level with the third quarter of 2019.

The results meant that Lindex’s operating result for the third quarter 2021 increased by 90 MSEK and amounted to 301 MSEK, an increase of 43% compared with the same period last year and 145% compared with 2019.

In addition, the retailer’s operating result for the first nine months of the year came in at 463 MSEK, which is more than double that of the previous year and 2019.

During the financial year to date, Lindex has grown its market share in all Nordic markets.

Susanne Ehnbåge, chief executive of Lindex, said: “I am very proud to present Lindex’s best result ever for the third quarter. We continue our strong digital growth and together with strengthened margins and good cost control, we can sum up a fantastic result for both the third quarter and the first nine months of the year.”

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