Brief: H&M Q2 Operating Profit SEK 5.91 Bln

H and M Hennes and Mauritz AB

26/06/2025 07:06

June 26 (Reuters) - H & M Hennes & Mauritz AB HMb.ST:

Q2 EPS SEK 2.48

Q2 GROSS MARGIN 55.4%

Q2 SALES SEK 56,714 MILLION VERSUS. IBES ESTIMATE SEK 57,014 MILLION

Q2 NET INCOME SEK 3,962 MILLION

Q2 OPERATING PROFIT SEK 5,914 MILLION VERSUS. IBES ESTIMATE SEK 5,880 MILLION

SALES IN LOCAL CURRENCIES INCREASED BY 1 PERCENT IN Q2

SALES IN MONTH OF JUNE 2025 ARE EXPECTED TO INCREASE BY 3 PERCENT IN LOCAL CURRENCIES COMPARED WITH SAME MONTH PREVIOUS YEAR

JUNE'S SALES INCREASE OF 3 PERCENT IS IMPACTED BY A NEGATIVE CALENDAR EFFECT OF AROUND ONE PERCENTAGE POINT.

HIGHER PURCHASING COSTS EXPLAIN INCREASE IN STOCK-IN-TRADE COMPARED WITH PREVIOUS YEAR

COST OF MARKDOWNS IN RELATION TO SALES IN THIRD QUARTER IS EXPECTED TO BE SOMEWHAT HIGHER COMPARED WITH  CORRESPONDING QUARTER THE PREVIOUS YEAR

NET  STORE CLOSURES DURING Q2 AMOUNTED TO 47

MORE EXPENSIVE US DOLLAR AND HIGHER FREIGHT COSTS

NEGATIVE EXTERNAL FACTORS THAT INCREASED COST OF PURCHASING FOR H1 ARE TURNING TO POSITIVE FOR H2

JUST OVER 200 STORES  ARE SCHEDULED FOR CLOSURE DURING 2025, MAINLY IN ESTABLISHED  MARKETS

Source text: ID:nWkr62xR0k

Further company coverage: [HMb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))