Report
Cedric Rossi

All eyes on margin improvement potential

Disappointing current trading was obviously overshadowed by the Q3 EBIT beat (+4% vs. CSS), highlighting strong execution in cost management and the ramp-up of the cost & efficiency programme. While this healthy performance lends credibility to the FY24 EBIT margin target of 10%, H&M needs
Underlying
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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