Stockmann Oyj Abp
STOCKA.HE
NASDAQ Helsinki3.09
EUR
+0.05
- -
ISIN
FI0009000251
Return %
Stock
S&P500
1Y
48.20
26.53
3Y
149.19
76.60
5Y
32.05
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Susanne Ehnbage
- Full Time Employees
- 6,062
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- Address
- Aleksanterinkatu 52 B Helsinki Finland 00101
- IPO Date
- Jan 3, 2000
- Website
- stockmanngroup.com
- Similar Companies
- Business
- Stockmann Oyj Abp, operating under the trade name Lindex Group Oyj since March 2024, is a premium multi-brand omnichannel retail company based in Helsinki, Finland, with origins dating back to 1862. The Group operates mainly through two divisions: Lindex and Stockmann. The Lindex division is a leading fashion retailer in Northern Europe, specializing in women’s wear, lingerie, children’s wear, and cosmetics, with an emphasis on sustainability and digital transformation. The Stockmann division operates department stores across Finland, Estonia, and Latvia, offering premium fashion, cosmetics, home products, and food items through physical stores and an online platform. The company’s core products and services encompass a broad spectrum of retail categories including high-quality apparel and accessories under the Lindex brand; luxury and premium fashion brands, cosmetics, home, and food products under the Stockmann brand; and value-added services such as second-hand product offerings, sewing, laundry, and repair services aimed at extending product life cycles. Stockmann’s department stores serve as marketplaces for a good life, focusing on elevating their luxury and premium segment offerings and providing seamless omnichannel experiences to a loyal customer base. Recent major developments include a strategic assessment initiated in September 2023 to crystallize shareholder value by refocusing the Group’s business on Lindex, potentially culminating in full rebranding to Lindex Group and exploring strategic alternatives for the Stockmann department store business. The company unveiled updated strategies and new financial targets for 2023-2024 at its November 2023 Capital Markets Day, aiming to accelerate Lindex’s growth while transitioning it into a sustainable business and improving Stockmann’s margin and growth through enhanced luxury positioning and operational efficiency. Additionally, significant investments are underway, including a new €110 million omnichannel distribution center for Lindex, scheduled to start operations in autumn 2024, supporting digital sales and third-party collaborations. Stockmann also expanded its offering in quality second-hand products, particularly in children’s fashion and luxury items, reinforcing its commitment to sustainability. The company’s geographic operations primarily cover Finland and the Baltic countries through Stockmann department stores and numerous Northern European markets via Lindex retail and wholesale channels. The Group maintains a strong focus on digitalization, process efficiency, and corporate sustainability, committing to a 42% reduction in climate emissions by 2030 compared to 2022 levels, with Science Based Targets initiative validation expected in 2024. In summary, Stockmann Oyj Abp operates as a leading Nordic retail group focused on fashion and department store retailing, with an expanding emphasis on sustainable growth, digital transformation, and strategic refocusing toward the Lindex fashion brand while maintaining its premium department store presence under Stockmann in the Baltic region.