H & M (HMB) Earn Q4, Full Year FY24

Shares H & M More than 5% after the world’s second largest retailer, despite the better unification of a little from the expected in the fourth quarter, more than 5% fell in the fourth quarter.

The Swedish fashion giant is $ 17.3 billion per 2024, operating profit for 2024 for 2024 ($ 1.57 billion), by analysts by LSEG surveyed analysts compared to 2024.

In the fourth quarter, the operating profit forecasted 4.6 billion Swedish Krona analysts against Krona, 4.6 billion.

Meanwhile, sales, in this meanwhile, 62.19 billion in Swedish Krona in the fourth quarter, 63.48 billion forecasts in a Reuters survey, but in local currencies increased by 3%. Sales in 2024 sales 234.58 billion Swedish sales in Local currencies increased by 1% to the arrival of Krona.

The company relimeditated sales shortages partially in the next period of Black Friday, but sales noted the new fiscal year in a positive start in December and January.

8:40 am to trade with London time.

“We continue to grow long-term and profitable,” Sale and operating profit, strong online sales, and provide long-term and profitable growth, “CEO Daniel Ervér said.

Looking upon the upcoming Ervér said that it was waiting for consumers to be further relieved in 2025 and was best accommodated in the company’s international trade.

“When difficult macroeconomic conditions and geopolitical uncertainty continue, we can influence the consumer feeling in 2025, some positive signs such as inflation and interest rates,” he said.

“Our branched supply chain gives the comfort needed to reduce negative external effects in different markets. This is a global fashion market in a sustainable fashion and quality in a sustainable way.”

H & M, Inditex struggles to fight against low-precious retailers like Zara, as well as Chinese fast fashion giant giant sheen.

Company in September broke the margin of the earnings More expenses for 2024 have the operating profit in the third quarter of higher expenses and increasing competition.

The results record the latest test for CEO Ervér, appointed in January 2024 to accelerate the turn of the group in January 2024.