Report
Cedric Rossi

H & M - BUY | SEK235(+29%) Q3 results beat expectations and dividend of SEK6.50 to be paid in November

H & M - BUY | SEK235(+29%)
Q3 results beat expectations and dividend of SEK6.50 to be paid in November

Q3 results: strong margin beat
Q3 sales unveiled on 15th Sep fell short of CS expectations by c.3%
Current trading in line with Q3 trends on a two-year stack basis
H&M is relatively preserved from Asian sourcing issues
Underlying
HM Hennes and Mauritz AB

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Cedric Rossi

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