- Hennes & Mauritz press release (OTCPK:HNNMY): Q2 GAAP EPS of SEK 3.11.
- Revenue of SEK 59.6B (+3.4% Y/Y).
- The company said that there was significant improvement in cash flow from operating activities, which increased to SEK 12,600M.
- Outlook: “The sales for the month of June 2024 are expected to decrease by 6% in local currencies compared with the same period last year. The June figure is to be seen in the light of strong comparative figures from 2023. The unstable weather in many of the H&M group’s large markets at the start of June 2024 had a negative impact on sales, but sales recovered as the weather normalised at the end of the month. A well-composed inventory has also enabled a later start to sale compared with the previous year,” the company said.
2024-06-27