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

HENNES & MAURITZ

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Hennes & Mauritz : Posts Forecast-Beating 10% Rise in First Quarter Sales

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03/15/2019 | 03:27am EDT

By Dominic Chopping

STOCKHOLM--Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK) said Friday that sales in its fiscal first quarter grew 10% on the year, beating expectations.

Sales in the quarter ended Feb. 28, excluding value-added tax, rose to 51.02 billion Swedish kronor ($5.48 billion). Analysts polled by FactSet had expected SEK49.98 billion.

The retailer said sales in local currencies increased by 4% year-on-year.

The company's complete first-quarter report will be published on Mar. 29, 2019, it said.

Write to Dominic Chopping at dominic.chopping@wsj.com; @domchopping @WSJNordics

Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ -0.66% 136.08 Delayed Quote.7.98%
INDITEX - INDUSTRIA DE DISEÑO TEXTIL -0.08% 26.27 End-of-day quote.17.54%
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Financials (SEK)
Sales 2019 222 B
EBIT 2019 15 728 M
Net income 2019 12 363 M
Debt 2019 11 437 M
Yield 2019 6,51%
P/E ratio 2019 18,24
P/E ratio 2020 17,28
EV / Sales 2019 0,95x
EV / Sales 2020 0,92x
Capitalization 199 B
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Technical analysis trends HENNES & MAURITZ
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Mean consensus UNDERPERFORM
Number of Analysts 25
Average target price 125  SEK
Spread / Average Target -8,4%
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
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