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

HENNES & MAURITZ

(HM B)
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Hennes & Mauritz : H&M 4Q Sales Missed Expectations

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12/16/2019 | 02:34am EST

By Dominic Chopping

STOCKHOLM--Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK) said Monday that sales in its fiscal fourth quarter grew 9% on the year, missing expectations.

Sales in the quarter ended Nov. 30 rose to 61.7 billion Swedish kronor ($6.56 billion). A FactSet poll of 15 analysts expected SEK66.06 billion.

The retailer said sales in local currencies increased by 5% year-on-year.

"Sales development for the quarter compared with the previous year was affected by calendar effects, mainly because Black Friday this year fell a week later, i.e. just before the end of the month of November," the company said.

"Therefore some of the big Black Friday online sales will not be recognized until December," H&M said.

The amount in question is expected to be approximately SEK500 million, and adjusted for this amount, sales in the fourth quarter of 2019 increased by 10% and in local currencies by 6% compared with the previous year.

The company's complete fourth-quarter report will be published on Jan. 30.

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

Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ 0.17% 204.25 Delayed Quote.7.05%
INDUSTRIA DE DISEÑO TEXTIL, S.A. 0.03% 31.59 End-of-day quote.0.45%
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Financials (SEK)
Sales 2020 244 B
EBIT 2020 18 577 M
Net income 2020 14 548 M
Debt 2020 4 695 M
Yield 2020 4,71%
P/E ratio 2020 23,2x
P/E ratio 2021 21,5x
EV / Sales2020 1,40x
EV / Sales2021 1,36x
Capitalization 338 B
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Mean consensus UNDERPERFORM
Number of Analysts 23
Average target price 179,11  SEK
Last Close Price 204,25  SEK
Spread / Highest target 17,5%
Spread / Average Target -12,3%
Spread / Lowest Target -55,9%
EPS Revisions
Managers
NameTitle
Karl-Johan Erling Persson Chief Executive Officer
Stefan Persson Chairman
Helena Helmersson Chief Operating Officer
Jyrki Tervonen Chief Financial Officer
Joel Ankarberg Head-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ7.05%34 767
INDUSTRIA DE DISEÑO TEXTIL, S.A.0.45%106 874
KERING-4.03%76 266
FAST RETAILING CO., LTD.0.10%53 787
ROSS STORES6.35%44 229
ZALANDO4.74%12 783