Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Research

Gross margin improved faster than expected

By Rauli JuvaAnalyst
H&M
Download report (PDF)

H&M's first-quarter results were better than expected, mainly due to a higher gross margin. The revenue trend also seems to be turning positive again, which we find encouraging.

H&M

177.74SEK27.03.2024, 18.00
170SEKTarget price
Reduce
Changed from:Accumulate
Recommendation updated:28.03.2024

Hennes & Mauritz is a retail chain. The range consists of clothing, shoes, and accessories. The group also includes brands such as COS, Monki, Weekday, Cheap Monday, and Other Stories. Today, the company also conducts business in home furnishings via H&M Home. The company has a presence in all global regions. H&M was originally founded in 1947 and is headquartered in Stockholm, Sweden.

Read more on company page

Key Estimate Figures28.03.2024

202324e25e
Revenue236,035.0237,069.0247,555.0
growth-%5.6 %0.4 %4.4 %
EBIT (adj.)13,538.020,737.423,718.9
EBIT-% (adj.)5.7 %8.7 %9.6 %
EPS (adj.)4.738.8110.42
Dividend6.507.007.50
Dividend %3.7 %4.9 %5.2 %
P/E (adj.)37.416.413.8
EV/EBITDA9.06.76.1
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team