H&M has delivered a disappointing pace of growth in Q1, slowing down compared to FY2016 and far below the company’s target of 10-15% growth. Sales in Q1 were up 7.5% to SEK46,985m, underpinned by favourable forex moves as sales in local currencies were up by only 4%. A tough momentum was experienced in large markets such as Germany, the Netherlands and Switzerland where revenues were down 5%, 9% and 4% at CER respectively. In China, the group has performed well and grew by 19% in lo
30 Mar 2017
Underwhelming results in Q1
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Underwhelming results in Q1
H&M Hennes & Mauritz AB Class B (HMSB:ETR) | 0 0 0.3% | Mkt Cap: 203,588m
- Published:
30 Mar 2017 -
Author:
Rim BEN SALAH -
Pages:
2
H&M has delivered a disappointing pace of growth in Q1, slowing down compared to FY2016 and far below the company’s target of 10-15% growth. Sales in Q1 were up 7.5% to SEK46,985m, underpinned by favourable forex moves as sales in local currencies were up by only 4%. A tough momentum was experienced in large markets such as Germany, the Netherlands and Switzerland where revenues were down 5%, 9% and 4% at CER respectively. In China, the group has performed well and grew by 19% in lo