Hennes & Mauritz AB

Equities

HM B

SE0000106270

Apparel & Accessories Retailers

Market Closed - Nasdaq Stockholm Other stock markets 11:29:39 2024-04-26 am EDT			5-day change	1st Jan Change
180 ^SEK	+0.98%		+5.17%	+1.89%

Apr. 26	NatWest sees "improving" confidence despite profit decline	AN
Apr. 23	Cotton certifier used by Inditex, H&M finds no evidence Brazil farms breached standards	RE

Hennes & Mauritz Net Profit Beats Forecasts as Sales Pick Up

March 27, 2024 at 03:35 am EDT

By Dominic Chopping

STOCKHOLM--STOCKHOLM--Swedish fashion retailer Hennes & Mauritz posted a forecast-beating net profit for the fiscal first quarter as sales gradually improved during February with well-received spring collections.

"Our top priority is to strengthen sales, and our target of a 10% operating margin for full-year 2024 thus remains in place," said Chief Executive Daniel Erver.

The company said sales in the period between March 1 and March 25 increased by 2% in local currencies compared with the same period the previous year.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

03-27-24 0334ET

Latest news about Hennes & Mauritz AB

NatWest sees "improving" confidence despite profit decline	Apr. 26	AN
Cotton certifier used by Inditex, H&M finds no evidence Brazil farms breached standards	Apr. 23	RE
Inditex cotton certifier says no evidence of Brazil farms breaching standards	Apr. 23	RE
European Equities Close Higher in Wednesday Trading; Euro Area, EU Inflation Rate Declines in March	Apr. 17	MT
Japan's Uniqlo opens Rome store as part of European expansion	Apr. 17	RE
World economy "resilient" but conflict risks food price hikes — IMF	Apr. 16	AN
Factbox-European companies cut jobs as economy sputters	Apr. 10	RE
Big companies' emissions goals are too weak, report says	Apr. 08	RE
H&M : Receives a Buy rating from Barclays	Mar. 28	ZD
H&M : Goldman Sachs remains a Sell rating	Mar. 28	ZD
H&M : Deutsche Bank reaffirms its Sell rating	Mar. 28	ZD
H&M : Gets a Sell rating from JP Morgan	Mar. 28	ZD
HENNES & MAURITZ : Maintaining the target of a 10% operating margin	Mar. 27
Global markets live: Apple, UBS, Microstrategy, Merck, Amazon...	Mar. 27
H&M : RBC reiterates its Neutral rating	Mar. 27	ZD
Trending : H&M Shares Leap After It Reports Market-Beating Earnings, Backs Guidance	Mar. 27	DJ
H&M : Barclays remains its Buy rating	Mar. 27	ZD
H&M : Jefferies remains Neutral	Mar. 27	ZD
H&M : UBS sticks Neutral	Mar. 27	ZD
H&M : Gets a Neutral rating from RBC	Mar. 27	ZD
Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis	Mar. 27	RE
H&M : Receives a Sell rating from Goldman Sachs	Mar. 27	ZD
H&M: businesswoman Helena Saxon to join board of directors	Mar. 27	CF
H&M Targets Higher Sales as Fiscal First Quarter Operating Profit Strengthens; Shares Soar 12%	Mar. 27	MT
Hennes & Mauritz Net Profit Beats Forecasts as Sales Pick Up -- 2nd Update	Mar. 27	DJ

Chart Hennes & Mauritz AB

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Company Profile

Hennes & Mauritz AB (H&M) specializes in designing and distributing clothes, accessories and cosmetics for men, women and children. The products are sold primarily under the H&M, H&M Home, COS, Monki, Weekday, Afound, & Other Stories and ARKET brands. Products are manufactured by subcontractors. At the end of November 2023, products are marketed through a network of 4,369 points of sale (of which 282 franchises) located mainly in Sweden (91), the United States (508), Germany (420), the United Kingdom (238), France (197), Italy (160) and the Netherlands (107). Net sales are distributed geographically as follows: Germany (14.9%), the United States (14%), the United Kingdom (7.4%), France (4.8%), Sweden (3.7%), Italy (3.2%), the Netherlands (3.1%), Poland (3.1%), Switzerland (2.9%), Canada (2.9%) and other (40%).

Sector

Apparel & Accessories Retailers

Calendar

2024-05-03 - Annual General Meeting

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Analysis / Opinion

HENNES & MAURITZ : Maintaining the target of a 10% operating margin

March 27, 2024 at 01:22 pm EDT

Hennes & Mauritz AB: Optical effect

December 18, 2023 at 06:19 am EST

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Ratings for Hennes & Mauritz AB

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

180 SEK

Average target price

167.9 SEK

Spread / Average Target

-6.70%

Consensus

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Company calendar

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