Accueil > Actualité
Actualite financiere : Actualite bourse

H&M: stock slumps after Q1 results

(CercleFinance.com) - H&M (Hennes & Mauritz) shares are down over 8% on the OMX this morning, despite reporting higher post-tax profit of 217 million Swedish kronor for Q1, significantly better than the loss of 1.
07 billion Swedish kronor a year ago.

The Scandinavian fashion chain's net sales rose 23% to almost 49.2 billion Swedish kronor (+18% in local currencies), while its gross margin improved by 1.7% to 49.3%.

However, H&M said that it was affected by the negative effects of the pandemic in many of the group's major markets, as well as by increased growth-related initiatives, particularly in technology and supply chain.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.