Stockmann's outlook for 2022
Stockmann Group’s Interim Management Statement Q3/2022, published on 28 October 2022:
GUIDANCE FOR 2022 (unchanged):
Stockmann expects an increase in the Group’s revenue and that the adjusted operating result improves compared to previous year. Guidance is based on the assumption that there will be no major changes in consumer spending during the latter part of the year. Geopolitical instability in the world with high inflation and challenges in the supply chains and international logistics as well as the challenges of COVID-19 restrictions require that both divisions have to be adaptive and flexible to meet the future.
MARKET OUTLOOK FOR 2022
Uncertainty in the global economy is expected to persist throughout 2022. The geopolitical instability will affect the supply chains and international logistics and the COVID-19 pandemic will continue to have an impact on the economy across the world until the coronavirus situation is under better control. Additionally, the accelerating inflation has an impact on households and consumption and will also lead to increased operating costs. The retail market is expected to remain challenging due to changes in consumer behaviour and confidence.
The Stockmann division will continue to execute the restructuring programme and Lindex to explore new growth opportunities.