HEMA- 4Q17 - Credit view upgraded after strong quarter and continued expected improvements
Dutch retailer Hema has published another set of strong results in 4Q17 on the back of a favorable macroeconomic environmentin its core domestic market, and the continued roll out of the management’s successful strategy, including the ongoing remodeling of its store network. As a reminder, the group is primarily involved in apparel (34% of sales), household goods & personal care (39%), and food & catering (24%).
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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