Lindex Group Oyj (LINDEX)
Pitch Summary: Special situation: restructuring ending and likely divestiture of loss-making Stockmann should surface the profitable Lindex fashion chain (13–14% EBIT margins, digital ~24% and rising). New automated DC supports e-comm capacity and mid-term margin goal (15%). Sum-of-parts using 9x EV/EBIT on Lindex implies ~€4.8/share (~80% upside). BSD Analysis: Core thesis is visibility unlock + […]
