Lindex Group Plc Class B · OMXHEX:LINDEX
Lindex Group Plc Class B — Stockmann Group — Q1 2021 Earnings Presentation
18 slides from Lindex Group Plc Class B's earnings presentation, Apr 30, 2021
Slide 1: Interim Management Statement Q1 2021
INTERIM MANAGEMENT STATEMENT Q1 2021 Jari Latvanen, CEO Stockmann Group | 30 April 2021
Slide 2: Stockmann Group in Q1 2021
STOCKMANN GROUP IN Q1 2021 • Stockmann Group Group’s gross margin – Revenue EUR 155.7 million, down by 7.1% in comparable currency rates 56.3% – Gross margin up in Lindex but down in Stockmann – Operating result increased in Lindex but declined in Stockmann (54.2) • Lindex – Revenue down by 0.7% to
Slide 3: Stockmann Division
STOCKMANN DIVISION
Slide 4: Stockmann's Revenue During the COVID-19 Pandemic
STOCKMANN’S REVENUE DURING THE COVID-19 PANDEMIC Revenue development vs previous year Q1 Q2 Q3 Q4 Q1 2020 2020 2020 2020 2021 30% • Total revenue 2021 Crazy Days in Web decreased 17.4% sold well, but total 20% campaign • Revenue in Brick and Sharp decline was below 2019. in revenue Christmas period
Slide 5: Stockmann Division, Performance in Q1 2021
STOCKMANN DIVISION, PERFORMANCE IN Q1 2021 • Revenue EUR 56.9 million (68.9) QUARTERLY REVENUE – Revenue was down by 17.4% EUR mill. – Sales declined due to the ongoing coronavirus situation 150 – Growth in the online store 52.7% (172% compared to 2019) – Share of online sales was 23.7% for the quar
Slide 6: Stockmann Division, Highlights in Q1 2021
STOCKMANN DIVISION, HIGHLIGHTS IN Q1 2021 • Helsinki District Court approved Stockmann plc’s restructuring programme on 9 February. The restructuring proceedings have ended • Strong digital growth and customer satisfaction improving • Home category performed exceptionally well, increase by 9% • Lowe
Slide 7: Stockmann Division's Way Forward
STOCKMANN DIVISION’S WAY FORWARD • Focus on digital development and customer experience improvements – Strengthening our omnichannel set-up and smoothness of customer journey • The sale and lease-back process of the department store properties located in Helsinki, Tallinn and Riga proceeds • Departm
Slide 8: Lindex
LINDEX Susanne Ehnbåge Lindex CEO
Slide 9: Lindex Sales Development During the COVID-19 Pandemic
LINDEX SALES DEVELOPMENT DURING THE COVID-19 PANDEMIC Sales development in local currencies vs previous year Q1 -20 Q2 -20 Q3 -20 Q4 -20 Q1 -21 50% • Total sales in Q1 decreased with 1.8% vs 2020 in 40% comparable currency rates, Strong with strong growth in March. 30% development Compared to 2019 t
Slide 10: Lindex, Financial Performance in Q1 2021
LINDEX, FINANCIAL PERFORMANCE IN Q1 2021 • Revenue EUR 98.7 million (99.4) QUARTERLY REVENUE – Revenue down by 0.7% or down by 1.8% in comparable currency rates EUR mill. – Growth in online sales was 193% (326% compared to 2019) 200 – Share of online sales was 28.7% (9.2% 2020, 5% 2019) 150 – Better
Slide 11: Lindex, Highlights in Q1 2021
LINDEX, HIGHLIGHTS IN Q1 2021 • Very strong digital growth both in own channels and in collaborations with partners • Kids’ wear strongest business area, increased by 13% • Lower stock with high share of new products despite the corona situation • Brand building spring campaigns • Launched new inclu
Slide 12: Lindex Way Forward
LINDEX WAY FORWARD • Focus on global and digital development – Strengthening our omnichannel set-up – Continue our successful third-party collaborations • Proceeding our cost reduction program and creating more flexibility • Exploring more sustainable and innovative business models – Pilot of Lindex
Slide 13: Our Strengths in Crossfunctional Collections
OUR STRENGTHS IN CROSSFUNCTIONAL COLLECTIONS Swim Mini Me Women’s Closely wear Lingerie Kids’ wear Mom Lounge Sport STOCKMANN STOCKMANN 30.4.2021 30.4.2021 13
Slide 14: Stockmann Group
STOCKMANN GROUP Pekka Vähähyyppä CFO
Slide 15: Stockmann Group, Financial Performance in Q1 2021
STOCKMANN GROUP, FINANCIAL PERFORMANCE IN Q1 2021 • Revenue EUR 155.7 million (168.4) QUARTERLY REVENUE – Down by 7.1% in comparable currency rates EUR mill. • Gross margin 56.3% (54.2) 300 – Gross margin up in Lindex but down in Stockmann 200 • Operating expenses EUR 84.9 million (84.3) 100 • Depre
Slide 16: Key Figures
KEY FIGURES 1-3/2021 1-3/2020 1-12/2020 Equity ratio % 12.9 24.9 14.6 - Excluding IFRS 16 18.4 35.9 20.8 Adjusted operating result EUR mill. -21.1 -26.7 4.9 Operating result EUR mill. -27.7 -27.8 -252.4 Net financial items EUR mill. -5.7 -11.4 -41.6 Result for the period EUR mill. -29.5 -35.3 -291.6
Slide 17: Guidance and Outlook for 2021
GUIDANCE AND OUTLOOK FOR 2021 Guidance for 2021: The prolonged COVID-19 pandemic gives rise to a lack of clarity in Stockmann’s business environment. As the outlook is unclear, Stockmann will provide a new guidance when the market visibility improves. (Unchanged) Market outlook for 2021: Uncertainty
Slide 18: Q&A Further information
Q&A Further information stockmanngroup.com investor.relations@stockmann.com STOCKMANN 30.4.2021 18