Bryan Garnier - HM Hennes and Mauritz AB (HM) H M: Q1 margin miss expectations even before facing the impact from Russia | BUY | Under Review

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Bryan Garnier

Cedric Rossi

H & M: Q1 margin miss expectations even before facing the impact from Russia | BUY | Under Review

H & M - BUY | Under Review
Q1 margin miss expectations even before facing the impact from Russia

Q1 margins shy of CS expectations
Q1 sales were in line
Current trading sees first impacts from Russia

31/03/2022 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: Q1 margin miss expectations even before facing the impact from Russia | BUY | Under Review

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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