H&M : P&L and trading update as expected, with better cash on working capital
>Results in line with our estimates (EBITDA 1% above), with a trading update showing the expected acceleration and better net cash - H&M’s Q4 2021 results were in line with our estimates as a higher gross profit was offset by higher general opex: gross profit 6% above (SEK 31,341m vs SEK 29,629m estimated) leading to a gross margin of 55.2% vs 52.2% estimated and EBITDA 1% above (SEK 11,798m vs SEK 11,719m estimated) leading to an EBITDA margin of 20.8% vs 20.6% estim...H & M Hennes & Mauritz is engaged in the sale of clothing and cosmetics in Sweden and internationally. Co.'s stores offer basics, tailored classics, sportswear, and maternity clothes for women; basics, leisurewear, and seasonal fashions for men; denim and street fashions; and fashion wear for children and teenagers, as well as accessories, underwear, and shoes. Co. also provides makeup and body care products; and home fashion products, which include interior textiles for the bedroom, bathroom, living room, and kitchen. Co. has approximately 3,132 stores, including 110 franchise stores, 85 COS stores, 79 Monki stores, 21 Weekday stores, 8 & Other Stories stores and 3 Cheap Monday stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.