Outcome of impairment test for Lindex, Stockmann Group's updated guidance for 2020 and a change of the reporting method for the real estate properties
STOCKMANN plc, Inside Information 28.1.2021 at 18:30 EET The book value of Lindex’s intangible assets adjusted to EUR 368 million due to the COVID-19 pandemic The ongoing and re-escalated COVID-19 pandemic increases uncertainty in Lindex’s main markets and especially the short-term business environment is challenging. Stockmann Group has concluded an impairment test for Lindex's goodwill. As a result, Stockmann will recognise approximately EUR 250 million in impairment related to Lindex’s goodwill in its fourth-quarter consolidated income statement. The write-down will be