H&M has accelerated its growth in Q2 to 6% at CER (4% in Q1). However, margins were down due to intensified restructuring actions. The operating margin was down 90bp and the operating profit decreased by 3.8% in H1. Sales in June are expected to grow by 12% at CER.
27 Jun 2019
Growth up and margins down in Q2
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Growth up and margins down in Q2
H&M Hennes & Mauritz AB Class B (HMSB:ETR) | 0 0 0.3% | Mkt Cap: 203,588m
- Published:
27 Jun 2019 -
Author:
Rim BEN SALAH -
Pages:
3
H&M has accelerated its growth in Q2 to 6% at CER (4% in Q1). However, margins were down due to intensified restructuring actions. The operating margin was down 90bp and the operating profit decreased by 3.8% in H1. Sales in June are expected to grow by 12% at CER.