Strong autumn sales and improved profitability for Lindex

12/28/2001 8:21 AM EST

Lindex sales during the first quarter of the financial year were very
satisfactory and the result improved faster than expected due to a
successful action programme. During the period Lindex continued to
increase its market share on clothing markets with comparatively weak
growth.

Work on the earlier presented action programme continued during the
quarter with special focus on cash flow, inventory level, and gross
profit. The action programme has also involved gradual adaptation of
costs and purchase volumes to the changed market situation.

The measures implemented have resulted in considerable gross marginal
improvements causing a faster profit increase than earlier assumed. The
pre-tax result of the first quarter is expected to amount to
approximately SEK 100 million.

A report of the result in full will be presented on 17 January 2002, in
connection with the shareholders meeting of AB Lindex in Alingsås.

Christmas trade at the same level as last year
Sales during December developed well and are equal to last year's sales.
The positive sales development was especially evident in the product
line of ladies underwear.

Information on Twilfit expected by 25 January
Concerning the acquisition of Twilfit the Swedish Competition Authority
has announced that a decision on a more detailed investigation or on not
considering the acquisition will be taken on 25 January 2002 at the
latest.

For further information, contact:

Peter Andersson, Director of Economy and Finance
mobile phone +46(0)705-84 44 37

Jörgen Johansson, Managing Director
mobile phone +46(0)705-94 21 22

Lindex is a store chain with stores in the Nordic countries and Germany.
The product lines of the group are ladies clothing, ladies underwear,
children's clothes and cosmetics.