H&M : Stronger sales not enough to increase EBITDA
>We expect a sales deceleration in the quarter from the strong trading update… - We have fine-tuned our estimates following the disappointing Opex results in Q3 and the latest market indicators about the sector that lead us to expect a deceleration in sales in Q4 2022 from the strong initial trading update (+7% y-o-y in local currency from 1 to 27 September): we suspect the changing weather could have resulted in a cold September leading to a strong trading update, bu...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.
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