H&M: share in demand after Q3 results

(CercleFinance.com) - The H&M (Hennes & Mauritz) B share is up 6.
4% in early trading on OMX on Thursday, after the group published Q3 EPS of 2.33 Swedish kronor (to end-August), up a quarter y-o-y.

The clothing chain saw its gross margin improve by half a point to 50.8% for sales that are up 12% to nearly 62.6 billion Swedish kronor (+8% in local currencies), driven by a jump in online sales (+25% excluding currency effects).

"Karl-Johan Persson, group CEO said, "Well-received summer collections and increased market share show that we are on the right track with our transformation work to meet customers' ever-increasing expectations".



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