COGNICURRENT

The retail chain Stockmann achieved a profitable result last year after many years of losses, while its subsidiary Lindex also saw a sales increase but a decrease in profit due to rising depreciation costs.

Lindex's stock price surged by 7.45% on the Helsinki stock exchange following the release of its financial statements, reaching €2.520 per share.

Lindex Group's adjusted operating profit increased from 36 million to approximately 39 million euros, driven by enhanced sales margins, while the company's revenue grew by four percent to 285 million euros amid a challenging market.