Bryan Garnier - HM Hennes and Mauritz AB (HM) H M: Despite near-term uncertainty, HM aims to accelerate the pace of MT/LT growth | BUY | SEK225(+26%)

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Bryan Garnier

Cedric Rossi

H & M: Despite near-term uncertainty, H&M aims to accelerate the pace of MT/LT growth | BUY | SEK225(+26%)

H & M - BUY | SEK225(+26%)
Despite near-term uncertainty, H&M aims to accelerate the pace of MT/LT growth

Ambitious 2030 targets
Solving the equation: sales growth with carbon emissions halving at the same time…
Segmentation strategy: Inditex and H&M have different approaches
What about 2022?
Buy rating and TP of SEK225 reiterated

31/01/2022 1 EN

Underlying

HM Hennes and Mauritz AB

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Provider

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.

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Analysts

Cedric Rossi

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H & M: Despite near-term uncertainty, H&M aims to accelerate the pace of MT/LT growth | BUY | SEK225(+26%)

Luxury & Fashion: Sales growth or margin protection? H&M seems to have chosen the former

H & M: Q2 sales topped CS expectations by 2% | NEUTRAL | SEK190

H & M: Zone of turbulence | NEUTRAL vs. BUY | SEK190 VS. SEK225 (+46%)

Ebusco: The expert e-bus platform

Nikola Corp: The dual e-trucking arm

Electrifying the future of on-road HDVs

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