Bryan Garnier - HM (HMB) HM: encouraging start to Q4 after an uninspiring Q3

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Bryan Garnier

Cedric Rossi

H&M: encouraging start to Q4 after an uninspiring Q3

The Q3 results unveiled this morning missed CSSe at both the sales and EBIT levels (-3% and -26% respectively), confirming once again that H&M is clearly more sensitive than ITX to volatile market conditions. On a positive note, sales trends have shown a gradual recovery with +3% FX-n over July

26/09/2024 1 EN

Underlying

H&M

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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: encouraging start to Q4 after an uninspiring Q3

On the shelves now: Consumer weekly #41

H&M: blurred margin trajectory due to brand's investments to fuel sales growth

Cinclus: agreement with the FDA on the iPSP

BICO: divests Nanoscribe for EUR26m in line with BICO 2.0 Strategy

Exclusive Networks: expanding into the US with Cloudrise acquisition

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