The clothing chain Lindex is warning of a continued tough market situation for the remainder of 2024. Consumers are still believed to be affected by the high interest rates, the company writes in connection with its interim report for the third quarter.
"The high interest rate level is burdening economic growth, and retail trade can be affected by lower consumer demand," the company writes.
The company now estimates that sales will amount to minus 2 to 0 percent compared to 2023. During the third quarter, sales fell to 222.1 million kronor compared to 226.9 million the same period the previous year.
The group's adjusted operating profit also declined, from 20.6 to 15.8 million kronor.
Correction: In an earlier version, incorrect figures were stated for sales.
