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    HM B   SE0000106270

HENNES & MAURITZ AB

(HM B)
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H&M comparable sales seen down for fifth straight month in February

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

© Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ AB 0.26% 211.6 Delayed Quote.22.41%
HSBC HOLDINGS PLC -0.87% 451.4247 Delayed Quote.20.14%
INDUSTRIA DE DISEÑO TEXTIL, S.A. -1.16% 30.75 Delayed Quote.19.59%
JASON CO., LTD. -0.36% 559 End-of-day quote.-16.32%
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Financials
Sales 2021 208 B 24 795 M 24 795 M
Net income 2021 10 434 M 1 243 M 1 243 M
Net Debt 2021 46 074 M 5 490 M 5 490 M
P/E ratio 2021 34,9x
Yield 2021 2,87%
Capitalization 348 B 41 283 M 41 522 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,71x
Nbr of Employees 153 000
Free-Float 43,5%
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Technical analysis trends HENNES & MAURITZ AB
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 206,58 SEK
Last Close Price 210,55 SEK
Spread / Highest target 23,5%
Spread / Average Target -1,88%
Spread / Lowest Target -54,9%
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Managers and Directors
NameTitle
Helena Helmersson Chief Executive & Operating Officer
Adam Karlsson Chief Financial Officer
Karl-Johan Erling Persson Chairman
Alan Boehme Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ AB22.41%41 283
INDUSTRIA DE DISEÑO TEXTIL, S.A.19.59%116 936
KERING16.13%103 816
FAST RETAILING CO., LTD.-2.98%86 859
ROSS STORES, INC.5.09%46 024
ZALANDO SE-6.66%25 938