Turnover: 22.25 billion USD (2022)

Country: Sweden

The H&M group owns the following brands in particular: H&M (4,500 points of sale), Cos (290 points of sale), Weekday (54 points of sale), MONKL (130 points of sale).

The group specializes in affordable clothing (including underwear) and is present all over the world.

News

Host and Primark: The nightmare continues for H&M, overtaken by Shein 15/12/2023

  • H&M posted annual sales up 6% to 21 billion euros
  • Spanish brand Zara saw an 11% increase in sales for the first nine months of the year, representing 25.6 billion euros and a profit in excess of 4 billion euros.
  • British brand Primark achieved sales in excess of 23 billion euros at the end of its September trading year.
  • Chinese online retailer Shein is targeting sales of €40 billion this year, while its rival Temu is aiming for €33 billion.
  • H&M reduced the number of its stores and cut 1,500 jobs last year as part of a rescue plan.

Textiles: H&M emerges weakened from a nightmare year 29/01/2023

  • 4.400 points of sale by 2022
  • Net income down 68% by 2022
  • H&M faces competition from China's Shein
  • The chain had to close 185 stores in Russia

H&M: better than expected results in Q2 29/06/2022

Second-quarter net income up 33% to SEK 3.7 billion (approx. 345 million euros)

Second-quarter sales: up 17%, 54.5 billion kronor (7.3 billion euros)

Analyst forecasts (according to Factset): sales of approx. 52 billion kronor, profit of 3.0 billion

Group share price on June 29: up approx. 3.7% to 126.34 crowns

Total number of stores at end May: 4,702, down 272 year-on-year

Net store closures planned for 2022: 178 (previously 140)

Expansion planned in South America with two online stores in Colombia and Peru

Suspension of sales in Ukraine, Belarus and Russia: 181 stores affected

Financial Data

DUNS: 398979310

Legal Name: H&M HENNES & MAURITZ

Address: 3 RUE LA FAYETTE , 75009 PARIS 9

Number of employees: Entre 5 000 et 9 999 salariés (2019)

Capital: 152 000 EUR


Financial Data:

Year Turnover (€) Net Profit (€) Fiscal Year End Fiscal Year Duration
2016 1 223 927 088 EUR 30 298 033 EUR 30/11/2016 12
2015 1 173 281 375 EUR 4 158 592 EUR 30/11/2015 12

Studies mentioning this company

The men's underwear market - Italy

Other companies mentioned:

The men's underwear market - Portugal

Other companies mentioned:

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