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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 : Lifts Stake in Second-Hand Retailer Sellpy to 70%

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10/10/2019 | 03:16am EST

By Dominic Chopping

STOCKHOLM--Hennes & Mauritz AB (HM-B.SK) said Thursday that it has made a further investment in online second-hand retailer Sellpy, raising its stake to 70%.

H&M started investing in Sellpy in 2015 and has since then participated in all investment rounds through its investment arm CO:LAB.

"Sellpy has a unique circular business model, which perfectly aligns with H&M Group's vision to become fully circular," says Nanna Andersen, Head of CO:LAB.

In a statement, H&M said that second-hand is one of the fastest-growing business sectors within the fashion industry, which provides a business opportunity to help customers give their old clothes a new life through reuse and contributing to a closed loop for fashion.

Sellpy was founded in 2014 and is now preparing for international expansion, starting with Germany, which H&M said it is supporting by this new investment.

H&M has through CO:LAB invested around 182 million Swedish kronor ($18.3 million) in Sellpy since 2015 and will invest an additional SEK60 million within a few years, which when carried through, will raise H&M's stake to around 74%.

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

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Financials (SEK)
Sales 2019 233 B
EBIT 2019 16 808 M
Net income 2019 13 084 M
Debt 2019 12 193 M
Yield 2019 4,89%
P/E ratio 2019 24,9x
P/E ratio 2020 23,0x
EV / Sales2019 1,45x
EV / Sales2020 1,38x
Capitalization 327 B
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 164,09  SEK
Last Close Price 197,44  SEK
Spread / Highest target 19,0%
Spread / Average Target -16,9%
Spread / Lowest Target -62,0%
EPS Revisions
Managers
NameTitle
Karl-Johan Erling Göran Persson Chief Executive Officer
Stefan Persson Chairman
Helena Helmersson Chief Operating Officer
Jyrki Tervonen Chief Financial Officer
Joel Ankarberg Head-Information Technology
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