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ITX - Industria De Diseno Textil SA News Story

€28.42 -0.1  -0.4%

Last Trade - 16/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £76.70bn
Enterprise Value £75.50bn
Revenue £17.68bn
Position in Universe 1st / 729

BUZZ-PREVIEW-H&M: Analysts warn of difficult end-year but see overall resilience

Wed 27th January, 2021 1:10pm
** Analysts expect Swedish fashion retailer H&M's  HMb.ST 
Q4 results on Jan. 29 to reflect its resilient business model
but flag a difficult end of 2020 amid restrictions implemented
in several countries
    ** Barclays ("overweight"), RBC ("sector perform") and
Jefferies ("hold") say lockdowns especially in Germany, H&M's
largest market, may impact the company's year-end figures 
    ** Jefferies adds that clean exit from the Autumn/Winter
season may be challenged by store restrictions and clearance
costs
    ** RBC, on the other hand, expects H&M to slightly benefit
from the earlier timings of Black Friday and Cyber Monday sales
compared to the previous year
    ** Citi ("buy") adds it sees the overall result in Q4 to
reflect the path of transition H&M has been on pre-COVID 
    ** According to Barclays, the group is well positioned in
the current environment thanks to its attractive omnichannel
strategy, lower price positioning and more basic product
assortment
    ** "We see further potential as a successful execution in
the transformation plan implies multi-year upside potential for
the top line and earnings," Bryan Garnier ("buy") says 
    ** H&M reported Q4 sales on Dec. 15 broadly in line with
market expectations  urn:newsml:reuters.com:*:nL8N2IV171
    ** On the same day, Spanish rival Inditex  ITX.MC  posted Q3
net profit of EUR 866 mln, in line with a Q2 profit rebound, but
down 26% year-on-year  urn:newsml:reuters.com:*:nL8N2IV1HL

 ((paulina.cwikowska@tr.com))
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