Stockmann's outlook for 2021
Stockmann Group’s Interim Management Statement Q3/2021, published on 29 October 2021:
GUIDANCE FOR 2021
Stockmann expects a clear increase to the Group revenue and the adjusted operating result to be clearly positive assuming that no major COVID-19 restrictions are imposed.
MARKET OUTLOOK FOR 2021
Uncertainty in the global economy is expected to persist throughout 2021, and the COVID-19 pandemic will continue to have a significant impact on the economy across the world, until the coronavirus situation is under better control. The retail market is expected to remain challenging due to changes in consumer behaviour and confidence, which are also affected by the coronavirus situation.
The Stockmann division will continue to execute the restructuring programme and Lindex to drive efficiencies and explore new growth opportunities.