H & M (HMB) Earnings Q4, FUN-year FY24

Shares H & M It has fallen on Thursday to lose second sales in the world and lose sales forecast in the fourth quarter.

Sales in Swedish fashion huge 62.19 trillion crowns were introduced in the last three months, with an expected 63.48 trillion, Reuters survey, but 3% in some local currencies.

The company had a shortage of sales after Black Friday incident, but said that sales were marked in December and January to the new fiscal event.

In 2024, sales rose by 1% in local currencies to enter 234.58 tributions in Swedish, driving women’s women’s clothing, sports clothing and online segments.

The performance of the whole year has been slightly better than expected. H & M will win 17.300 million Swedish crons ($ 1.57 million) for 2024, and 17.200 million crowns forecast Versus analysts conducted by the LSG survey.

The fourth quarter-based exploitation leather has been 4.6 trillion Swedish Krona versus.

H & M shares closed more than 3% on Thursday.

“Sales and operating benefits have increased in line sales and efficient cost controls in the fourth quarter. It is based on our main business, a long-term growth,” said Daniel Ervér’s General Manager in a statement.

Looking forward, Ervér said that consumers hoped to relieve more in 2025 and added the company to deal with negative impacts on international trade.

“Strong macroeconomic conditions and geopolitical conditions can cause consumer feelings in 2025, we see positive signs such as inflation and interest rates,” he said.

“Our diversified supply chain gives us the flexibility to relieve the external negative impact.

You are fighting against the opponent of Inditex, as well as lower cost vendors, as a huge giant fashion founded in China.

September, Company his profit margin target Higher costs for 2024 and large competitions achieved exploitation gains in the third quarter.

The results mark the last test of Ervér General Manager, which was in January 2024 to speed up the team’s turn.

Soon, Ervér said Ervér focused at least 10% increase in sales of long-term sales, 56% of greenhouse gas emissions 56% of greenhouse emissions 2019 levels.

“I am happy with early progress, but I think there is more to us,” he added.