”Stockmann will sell Lindex”

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Once again Stockmann Group  issued a profit warning on Tuesday evening,  and indicate that the full year result for 2014 will be negative.

Analysts in Finland now says Stockmann will probably sell Lindex.

Stockmann explains the profit warning that particularly Seppälä has a weak performance and a continued uncertain outlook for the remainder of the year.

Moreover, the Ukrainian crisis and the downturn in the Russian economy situation makes the forecasts for Stockmann very frosty.
Net sales for December represented a decrease of 13.9 percent compared to last year.
Stockmann has previously announced that Seppälä will be closed in Russia and Hobby Hall will be sold. Stock exchange analysts believe that Stockmann also will sell Lindex, although Stockmann announced that Lindex now  will be the international fashion concept.

So far, no new CEO after Hannu Penttilä is announced.