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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 : The H&M group's sales development in the third quarter 2019

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09/16/2019 | 02:01am EDT

In the third quarter of 2019, i.e. during the period 1 June 2019 to 31 August 2019, the H&M group's net sales increased by 12 percent and amounted to SEK 62,572 m (55,821). In local currencies, net sales increased by 8 percent.

Well-received summer collections and increased market share confirm that the H&M group is on the right track with its transformation work to meet the customers' ever-increasing expectations. Activity levels related to the transformation work have remained high in the third quarter. 

Communication in conjunction with the nine-month report
The nine-month report for 2019, i.e. 1 December 2018 - 31 August 2019, will be published at 08:00 CEST on 3 October 2019. A telephone conference for the financial market and media will be held in English at 09:00 CEST, hosted by CEO Karl-Johan Persson, CFO Jyrki Tervonen and Head of IR Nils Vinge. For login details to the telephone conference please register at hmgroup.com or via this link:

http://emea.directeventreg.com/registration/1794716

To book interviews with CEO Karl-Johan Persson and Head of IR Nils Vinge in conjunction with the nine-month report on 3 October, please contact: Kristina Stenvinkel, Communications Director, telephone: +46 8 796 39 08, e-mail: stenvinkel@hm.com.

Karl-Johan Persson, CEO

Contact persons:
Nils Vinge, Head of IR +46 8 796 52 50 nils.vinge@hm.com
Kristina Stenvinkel, Communications Director +46 8 796 39 08 stenvinkel@hm.com

The amounts are provisional and may deviate slightly from the nine-month report, covering the period 1 December 2018 - 31 August 2019, that will be published on 3 October 2019.

The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the EU Market Abuse Regulation (596/2014 /EU). The information was submitted for publication by the abovementioned person at 08.00 CEST on 16 September 2019. This press release, along with additional information about the H&M group, is available at www.hmgroup.com.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M's business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, & Other Stories, H&M Home and ARKET as well as Afound. The H&M group has 49 online markets and more than 4,900 stores in 72 markets, including franchise markets. In 2018, net sales were SEK 210 billion. The number of employees amounts to more than 177,000. For further information, visit hmgroup.com (https://about.hm.com).

https://news.cision.com/h---m-hennes---mauritz-ab/r/the-h-m-group-s-sales-development-in-the-third-quarter-2019,c2904011

https://mb.cision.com/Main/769/2904011/1105572.pdf

(c) 2019 Cision. All rights reserved., source Press Releases - English

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Financials (SEK)
Sales 2019 233 B
EBIT 2019 16 805 M
Net income 2019 13 078 M
Debt 2019 12 073 M
Yield 2019 4,74%
P/E ratio 2019 25,8x
P/E ratio 2020 23,9x
EV / Sales2019 1,50x
EV / Sales2020 1,43x
Capitalization 338 B
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 165,22  SEK
Last Close Price 203,95  SEK
Spread / Highest target 15,2%
Spread / Average Target -19,0%
Spread / Lowest Target -63,2%
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
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ58.67%34 342
INDUSTRIA DE DISEÑO TEXTIL, S.A.27.11%97 513
KERING14.60%64 989
FAST RETAILING CO., LTD.16.95%59 550
ROSS STORES33.89%40 297
ZALANDO85.03%11 376