H & M: Q2 sales topped CS expectations by 2% | NEUTRAL | SEK190
H & M - NEUTRAL | SEK190Q2 sales topped CS expectations by 2%
Q2 sales beat driven by a sharp acceleration in April and May
Q2 results due on 29th June: we expect a fiercer pressure from higher input costs
H&M and Inditex deliver reassuring performances vs. US peers, we still prefer Inditex
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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