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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Hennes & Mauritz    HM B   SE0000106270

HENNES & MAURITZ

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H & M Hennes & Mauritz AB : H&M comparable sales seen down for fifth straight month in February

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03/11/2013 | 10:33am EDT
Logo of an H and M store pictured in Warsaw

STOCKHOLM (Reuters) - Hennes & Mauritz (H&M) (>> H & M Hennes & Mauritz AB) is expected to post a fall in comparable sales in February for a fifth straight month, a Reuters poll of analysts showed on Monday.

STOCKHOLM (Reuters) - Hennes & Mauritz (H&M) (>> H & M Hennes & Mauritz AB) is expected to post a fall in comparable sales in February for a fifth straight month, a Reuters poll of analysts showed on Monday.

The mean forecast was for a 2 percent year-on-year drop in local currencies at stores open at least a year, in line with the overall apparel market decline in the Swedish fashion retailer's biggest market, Germany.

Total sales in February, the last month of H&M's first quarter, were seen up 7 percent in local currencies. H&M is due to post the figures on March 15.

H&M, which lags Zara owner Inditex (>> Inditex SA) in size, has been hit by weak consumer spending in Europe, where it has the bulk of its business.

First-quarter turnover, which H&M unveils together with the monthly data ahead of full quarterly earnings due on March 21, was seen at 29.0 billion crowns (3.0 billion pounds), up 4 percent.

Analysts from ABG Sundal Collier, Barclays Capital, Carnegie, Cheuvreux, Deutsche Bank, DNB Markets, Grupo Santander, Handelsbanken Capital Markets, HSBC, JRS Securities, Nordea, SEB Enskilda, Societe Generale and Swedbank took part in the poll.

Data for Reuters Nordics earnings polls are compiled by Inquiry Financial.

(Writing by Anna Ringstrom; editing by Jason Neely)

Stocks treated in this article : H & M Hennes & Mauritz AB, Inditex SA
Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ 1.36% 177.6 Delayed Quote.39.04%
INDITEX - INDUSTRIA DE DISEÑO TEXTIL 3.08% 27.14 End-of-day quote.17.81%
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Financials (SEK)
Sales 2019 230 B
EBIT 2019 16 256 M
Net income 2019 12 730 M
Debt 2019 10 961 M
Yield 2019 5,31%
P/E ratio 2019 22,8x
P/E ratio 2020 21,3x
EV / Sales2019 1,31x
EV / Sales2020 1,26x
Capitalization 290 B
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Technical analysis trends HENNES & MAURITZ
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 147,58  SEK
Last Close Price 175,22  SEK
Spread / Highest target 14,1%
Spread / Average Target -15,8%
Spread / Lowest Target -57,2%
EPS Revisions
Managers
NameTitle
Karl-Johan Persson Chief Executive Officer
Stefan Persson Chairman
Jyrki Tervonen Chief Financial Officer
Morten Halvorsen Head-Information Technology
Anders Gunnar Dahlvig Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ39.04%29 872
INDITEX - INDUSTRIA DE DISEÑO TEXTIL17.81%90 921
KERING5.64%60 284
FAST RETAILING CO LTD15.91%60 161
ROSS STORES25.11%37 998
ZALANDO83.16%11 283