Lindex Group Plc Class B · OMXHEX:LINDEX
Lindex Group Plc Class B — Stockmann Group — Q3 2021 Earnings Presentation
16 slides from Lindex Group Plc Class B's earnings presentation, Oct 29, 2021
Slide 1: Interim Management Statement Q3 2021
INTERIM MANAGEMENT STATEMENT Q3 2021 Jari Latvanen, CEO Stockmann Group | 29 October 2021
Slide 2: Stockmann Group in Q3 2021
STOCKMANN GROUP IN Q3 2021 • Stockmann Group Group’s gross margin – Revenue EUR 237.8 million, up by 12.0% in comparable currency rates 59.5% – Gross margin improved – Operating result increased clearly in both Lindex and Stockmann (57.4) • Lindex – Revenue up by 15.7% to EUR 168.9 million, growth i
Slide 3: Stockmann Division
STOCKMANN DIVISION
Slide 4: Stockmann Division, Performance in Q3 2021
STOCKMANN DIVISION, PERFORMANCE IN Q3 2021 • Revenue EUR 68.9 million (61.6) QUARTERLY REVENUE – Revenue was up by 11.7% or down by 11.3% compared to 2019 EUR mill. – Merchandise sales in the brick-and-mortar store increased significantly by 13.6% 150 despite lower visitor volumes compared to the pr
Slide 5: Stockmann Division, Highlights in Q3 2021
STOCKMANN DIVISION, HIGHLIGHTS IN Q3 2021 • Clearly improved profitability during the third quarter – The performance improved clearly by EUR 4.7 million compared to the previous year, reaching a positive result • Sales in the brick-and mortar stores increased significantly by 13.6% – Customers cont
Slide 6: Stockmann Division's Way Forward
STOCKMANN DIVISION’S WAY FORWARD • Stockmann conducted a CSR survey to all its stakeholders for materiality assessment for the upcoming CSR strategy renewal • Stockmann proceeds to the next stage of its customer-focused strategy by renewing its operating model – The goal is to improve customer satis
Slide 7: Lindex
LINDEX Susanne Ehnbåge Lindex CEO
Slide 8: Lindex, Financial Performance in Q3 2021
LINDEX, FINANCIAL PERFORMANCE IN Q3 2021 • Revenue EUR 168.9 million (146.0) QUARTERLY REVENUE – Revenue up by 15.7% or up by 13.5% in comparable currency rates (12.4% EUR mill. compared to 2019) 200 – Growth in online sales was 54.5% (215.1% compared to 2019) – Share of online sales was 17.9% (13.2
Slide 9: Lindex, Highlights in Q3 2021
LINDEX, HIGHLIGHTS IN Q3 2021 • Best operating result ever in Lindex history • Strong sales growth in all markets and business areas – Lingerie strongest growth, increased by 18% • Increased gross margin thanks to lower markdowns and better start margins • Lindex app available in all B&M markets • G
Slide 10: Lindex Way Forward
LINDEX WAY FORWARD • Focus on multichannel development for global growth – Optimising our store portfolio with omni focus – Strengthening our omnichannel set-up – Continue planning of new omnichannel Distribution Centre • Continue develop our inspiring and strong offering based on customer needs • P
Slide 11: Stockmann Group
STOCKMANN GROUP Pekka Vähähyyppä CFO
Slide 12: Restructuring Programme Execution Proceeds According to the Plan
RESTRUCTURING PROGRAMME EXECUTION PROCEEDS ACCORDING TO THE PLAN • Stronger balance sheet after successful conversions of restructuring debt into equity and into a new bond in July 2021 • Combination of share classes and increase in number of shares; impact in share liquidity • Remaining undisputed
Slide 13: Stockmann Group, Financial Performance in Q3 2021
STOCKMANN GROUP, FINANCIAL PERFORMANCE IN Q3 2021 • Revenue EUR 237.8 million (207.6) QUARTERLY REVENUE – Up 12.0% in comparable currency rates EUR mill. • Gross margin 59.5% (57.4) 300 – Gross margin up in Lindex but down in Stockmann 200 • Operating costs EUR 85.6 million (75.9) 100 • Operating re
Slide 14: Key Figures
KEY FIGURES 7-9/2021 7-9/2020 1-9/2021 1-9/2020 1-12/2020 Equity ratio % 16.9 25.2 14.6 - Excluding IFRS 16 22.9 34.5 20.8 Adjusted operating result EUR mill. 33.3 16.5 39.0 -9.3 4.9 Operating result EUR mill. 33.2 14.3 31.8 -14.0 -252.4 Net financial items EUR mill. -4.2 -9.9 -12.7 -29.4 -41.6 Resu
Slide 15: Guidance and Outlook for 2021
GUIDANCE AND OUTLOOK FOR 2021 Guidance for 2021: Stockmann expects a clear increase to the Group revenue and the adjusted operating result to be clearly positive assuming that no major COVID-19 restrictions are imposed. Market outlook for 2021: Uncertainty in the global economy is expected to persis
Slide 16: Q&A Further information
Q&A Further information stockmanngroup.com investor.relations@stockmann.com STOCKMANN 29.10.2021 16