Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

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


(HM B)
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Hennes & Mauritz : UK Imposed €132.7 Million of GDPR Fines, more than Germany and Italy Combined

10/21/2020 | 05:58am EST

The General Data Protection Regulation (GDPR) continues causing hefty fines and penalties for businesses and organizations across European countries even two years after coming into force.

According to data presented by BuyShares.co.uk, the United Kingdom tops the list of the most expensive data breach penalties with EUR132.7 million in total value of GDPR fines, more than German and Italy combined.

Cumulative Value of GDPR Fines Hit EUR344 Million, a EUR119 Million Increase in 2020

The primary reason for such a high cumulative value of GDPR fines in the United Kingdom is the data breach penalty imposed by the UK's data protection authority, ICO, to Marriott International. In November 2018, the American multinational company was fined with EUR110.4 million after reporting a cyber incident that exposed nearly 340 million guest records.

Last week, the ICO fined British AirwaysEUR22 million for failing to protect the personal and financial details of more than 400,000 of its customers, the second-largest GDPR fine in the United Kingdom. The penalty is considerably smaller than the EUR204.6 million that the ICO initially said it intended to issue back in 2019 after the Magecart group used card skimming to collect the personal and payment information of British Airways` customers.

Far below the United Kingdom, Germany ranked as the second-leading country in Europe with EUR61.6 million in the cumulative value of GDPR fines, revealed the GDPR Enforcement Tracker data. On October 1st, 2020, H&M Hennes & Mauritz Online Shop was fined with EUR35.2 million for the insufficient legal basis for data processing, the severest GDPR penalty in the country.

Italian data protection authority (Garante) imposed EUR57.3 million worth of GDPR fines so far, ranking in third place among European countries. On January 15th, 2020, telecommunications operator TIM was fined EUR27.8 million for unlawful data processing, non-compliant aggressive marketing strategy, and invalid collection of consents, the steepest penalty in Italy.

France ranked fourth among the European countries with EUR51.3 million worth of GDPR fines. Austria, Sweden, and Spain follow, with, EUR18 million, EUR7million, and EUR3.9 million, respectively.

Statistics indicate the cumulative value of GDPR fines and penalties hit over EUR344 million in October, with almost EUR119 million worth of new fines imposed in 2020.

Top Five GDPR Penalties Account for 70% of Cumulative Fine Value

Behind Marriott'sEUR110.4 million worth GDPR fine, Google holds second place on the list of the highest data breach penalties. The US tech giant was fined EUR50 million by France's data protection regulator, CNIL, for not providing enough information to users about its data consent policies and control in using their data.

H&M Hennes & Mauritz Online Shop ranked third on this list with EUR35.2 million worth GDPR fine. Italian telecommunications operator TIM and British Airways round the top five list with EUR27.8 million and EUR22 million, respectively.

Statistics show the five biggest data breach penalties cost more than EUR245 million, or 70% of cumulative GDPR fine value.

The full story can be read here: https://buyshares.co.uk/uk-imposed-e132-million-worth-of-gdpr-fines-more-than-germany-and-italy-combined/

Contact: Adam Grunwerg

Psychic Ventures Ltd

St Magnus House

3 Lower Thames Street






(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

All news about HENNES & MAURITZ AB
12/01Collapse of Arcadia, Debenhams Puts 25,000 UK Jobs at Risk While Peers Gain, ..
12/01UK Fashion Retailers Gain on Collapse of Arcadia, Debenhams with Brands Up fo..
12/01HENNES & MAURITZ : COS raises funds for the red cross movement this holiday seas..
11/30PHILIP GREEN : Philip Green's Arcadia UK fashion group falls into administration
11/30THE FALL OF THE KING : Philip Green's Arcadia adventure ends in ignominy
11/30Christmas, coronavirus and fear of no-deal Brexit push Europe's warehouses to..
11/30Christmas, coronavirus and fear of no-deal Brexit push Europe's warehouses to..
11/30H&M : RBC reaffirms its Neutral rating
11/28HENNES & MAURITZ : Employee-Monitoring In Europe Comes Under Spotlight After H&M..
11/24H&M : Raised from Sell to Buy by Goldman Sachs
More news
Sales 2020 189 B 22 339 M 22 339 M
Net income 2020 1 411 M 167 M 167 M
Net Debt 2020 72 270 M 8 539 M 8 539 M
P/E ratio 2020 208x
Yield 2020 1,30%
Capitalization 305 B 35 844 M 36 020 M
EV / Sales 2020 1,99x
EV / Sales 2021 1,67x
Nbr of Employees 179 000
Free-Float 43,6%
Duration : Period :
Hennes & Mauritz AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HENNES & MAURITZ AB
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 174,61 SEK
Last Close Price 184,20 SEK
Spread / Highest target 16,7%
Spread / Average Target -5,21%
Spread / Lowest Target -51,1%
EPS Revisions
Helena Helmersson Chief Executive & Operating Officer
Karl-Johan Erling Persson Chairman
Adam Karlsson Chief Financial Officer
Joel Ankarberg Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ AB-2.48%36 191
KERING SA3.88%91 606
FAST RETAILING CO., LTD.34.14%85 665
ROSS STORES, INC.-7.64%39 709
ZALANDO SE82.16%24 979