Lindex Group - Inside information

Inside information, profit warning: Lindex Group lowers its 2024 guidance for the revenue due to volatility of the fashion market, guidance for the adjusted operating result unchanged

LINDEX GROUP plc, Inside Information 15.7.2024 at 14:15 EEST

Inside information, profit warning: Lindex Group lowers its 2024 guidance for
the revenue due to volatility of the fashion market, guidance for the adjusted
operating result unchanged

Lindex Group plc provides an update to its financial guidance for the full-year
2024.The Group has decided to lower its 2024 guidance for the development of the
Group's revenue. The 2024 guidance regarding the development of adjusted
operating result remains unchanged.

  · Lindex Group now expects its revenue in local currencies to be in the range
of -2% to +2% compared to 2023.
  · Previously Lindex Group expected its revenue to increase by 1-3% in local
currencies compared to 2023.

The change in revenue guidance is related to the challenging market situation
and more specifically, to the volatility of the fashion market on Lindex Group's
main markets.

New guidance for 2024:
In 2024, Lindex Group expects its revenue in local currencies to be in the range
of -2% to +2% compared to 2023. The Group's adjusted operating result is
estimated to be EUR 70-90 million. Foreign exchange rate fluctuations may have a
significant effect on the adjusted operating result.

Previous guidance for 2024, published on 9 February 2024:
In 2024, Lindex Group expects its revenue to increase by 1-3% in local
currencies compared to 2023. The Group's adjusted operating result is estimated
to be EUR 70-90 million. Foreign exchange rate fluctuations may have a
significant effect on the adjusted operating result.

Lindex Group will publish its Half-year financial report on 19 July 2024. Due to
the silent period, the Group will not give any further comments on its result
before publishing the Half-year financial report. Lindex Group will hold a live
webcast for analysts and media on the day of the results release. The
participants will have an opportunity to ask questions from the Group management
during the webcast.

LINDEX GROUP plc

Susanne Ehnbåge
CEO

Further information:
Lindex Group's MediaDesk tel. +358 50 389 0011
investor.relations@stockmann.com

Distribution:
Nasdaq Helsinki,
Principal media

Lindex Group plc is an international multichannel retail group with two
divisions: Lindex and Stockmann. Lindex is a global fashion company with a
purpose to empower and inspire women everywhere. Its three strong categories
include women's and kids' wear as well as lingerie, where it is a market leader
in the Nordics. Stockmann is a premium multi-brand retailer with department
stores in Finland and the Baltics. Its purpose is to be a marketplace for a good
life. In 2023, the Lindex Group's revenue was EUR 952 million and it had some 5
800 employees. The Group's roots lie in the Stockmann company founded in 1862
and its shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.lindex
-group.com (https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.
lindex
-group.com%2F&data=05%7C02%7Cchristian.goingberg%40cision.com%7C26110e9475bc4a4f3
d3308dc4a43a4c5%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638466901620760709%7
CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVC
I6Mn0%3D%7C0%7C%7C%7C&sdata=x2os%2FawRLWf4SlYWztP4bcxMht6BGgLlY9WlIoN8kRw%3D&rese
rved=0)