Lindex lifts quarterly profit sharply – and wants lingerie to be easier to shop
Finland's Lindex Group reports a 6.1 percent rise in third-quarter revenue and a clearly higher operating result. In lingerie, the chief executive is betting on innovation and a simpler shopping experience.
Symbolic image · Photo: Arkke / Wikimedia Commons, CC BY 4.0 (cropped and resized)
Lindex Group published its report for the third quarter of 2026 on 22 October. From July to September, group revenue rose 6.1 percent to 241.5 million euros, up from 227.6 million euros a year earlier. The adjusted operating result climbed from 16.6 million to 24.1 million euros. The group has two divisions: the Lindex fashion chain, which is aimed mainly at women, and the Stockmann department stores.
The Lindex division increased its revenue by 3.7 percent to 171.5 million euros, and its adjusted operating result grew to 24.2 million euros. The division's gross margin rose to 65.8 percent from 62.7 percent a year earlier. At the end of September, Lindex operated 434 stores. After the quarter ended, the chain opened its third store in Denmark, in Aarhus; a fourth store in Copenhagen is planned for the first half of 2027.
Chief executive Susanne Ehnbåge said she was pleased with the "broad-based" revenue growth. On the call with analysts, she also addressed the lingerie range: the company is focusing not only on innovation there but also on making the category easier to shop. For the full year, the group now expects an adjusted operating result of 75 to 90 million euros, narrowed from a previous range of 70 to 95 million euros.