The top line impressed with 19.4% full year sales growth to SEK180,861m. In local currency, the growth was limited to 11%. A very strong expansion was reported during the year with a total net addition of 413 new stores and ten new online markets. As of November 2015, H&M had 23 online markets and the number of stores was 3,924 in 61 markets. The company invested mainly in China and USA with 83 and 59 respective new stores in 2015. The gross margin lost 180bps to 57% pulling down the oper
28 Jan 2016
FY2015, the best results ever
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FY2015, the best results ever
H&M Hennes & Mauritz AB Class B (HMSB:ETR) | 0 0 0.3% | Mkt Cap: 203,588m
- Published:
28 Jan 2016 -
Author:
Rim BEN SALAH -
Pages:
2
The top line impressed with 19.4% full year sales growth to SEK180,861m. In local currency, the growth was limited to 11%. A very strong expansion was reported during the year with a total net addition of 413 new stores and ten new online markets. As of November 2015, H&M had 23 online markets and the number of stores was 3,924 in 61 markets. The company invested mainly in China and USA with 83 and 59 respective new stores in 2015. The gross margin lost 180bps to 57% pulling down the oper